Regardless of the stated taxes I use the sales price multiplied by 80% multiplied by .0285, or whatever your mill rate.

The value was based strictly on a determination of the square footage value multiplied by the sq. ft. of my house. 

.** Purchase **Purchase Price: $ 75,000Purchase Costs: $ 1,500** Cash Flow (Monthly) **Rent: $ 850Vacancy: 8% (-$ 68)Expenses: -$ 338Net Operating Income: $ 444Cash Flow: $ 406** Returns **Cap Rate: 7.1%COC: 7%Rent to Price: 1.1%Gross Rent Multiplier: 7.4

As long as you think it will take, multiply that number times three and add a little change and you're close to how long it will actually take. 

All of this combined with the mortgage and taxes quoted by my broker comes to $3794 (without PM)It's tough to cash flow coming in with 3.5% down, but the multiplier is pretty good and there is potential for improvement. 

@Micah Copeland I just used the Gross Rent Multiplier (GRM).As-Is100/1.5= 66.675,850 x 66.67 = 390,000----Completely Occupied100/1.5 =66.678,850 x 66.67 = 590,000I'd always buy rentals for cashflow, and if you get appreciation great!

Then if you multiply this times 50 homes per year = $67,625.00 in money that the Real Estate Agency has made on top of it’s property management fees.

Second, "although it's not just $40, but $40 per adult" was not the issue, but rather, $40 multiplied by the number of applications needed to be made before they arrive at the top of a list - better odds than Lotto, but more expensive!

If you multiply that by 24 months your savings is $912.72 which is no where close to the cost for 3.625%The only way that I would justify buying your rate down is if you're keeping this condo for over 5 years at least. 

Hi everyone,I wanted to inform you all the first meeting is tomorrow 3pm Saturday, May 14, 2016 at Avalanche 6317 Dempster St., Morton Grove, IL 60053.