You would then have to subtract debt service from the NOI to get the estimated cash flow.What's your max offer on this property?

To calculate effective rent, subtract the HOA fee from rent and then add back the value of the things that it covers for the property owner, like siding, windows, roof etc.

Then you take you ARV and subtract selling fees (I budget 8-10%), and the difference is your profit.

Then subtract out the repairs = $35,000 - $20,000 ----------------- $15,000.00 Then subtract out your fee $15,000.00 -$5,000.00 --------------- $10,000.

Replacement is determined at the time of the loss, depreciation is then subtracted from the replacement cost value.

When you subtract this amount from the net sales price that equals your gain.So refi away.

The Net Sale Price is computed by taking your Gross Sale Price and subtracting your routine selling expenses like broker's commission, escrow fee or closing attorney fee, title insurance charges, recording fees, documentary transfer tax, exchange fee, etc.  

She would take her Gross Sale Price of $190,000 and subtract her "routine selling expenses" (not all closing costs) such as real estate agent's commission, documentary transfer tax, recording fees, escrow fees, title insurance charges, exchange fees, etc., but not any lender related pay-off expenses or operating expenses such as prorated property taxes, prorated rents, HOA fees, etc., which would give her the Net Sale Price. 

You would then SUBTRACT what your current loan amount is (let's use $500k in this example). 

(Subtract that from sales price to get loan balance.) • How much are the monthly payment on the mortgage?