I decided to run IRR (Internal Rate of Return) calculations for the SFR (single-family residence) investing in order compare with the IRR targets I see proposed by syndication operators.

Currently I am exploring investing in new construction rentals with the goal being to better calculate cash flow at the front end with maintenance/cap ex expenses being low for a prolonged period of time and predictable.

@Matthew M.If you are buying and appraisal was more they will say share the appraisal - also sf can be calculated differentlyIf you are buying I would not complain as you are getting the value you wanted (or more).

The appraiser will do a 1007 to determine the market rent and the lender will use that figure to calculate the Debt Service Coverage Ratio.

Net income would be the Host Payout of $541.26.But your true net is what's left over after deducting all expenses not accounted for in this calculation, such as utilities, internet, consumables, etc.

Calculate costs with conservative rent to understand your worst-case cash flow.

The 4 I've talked to are: Blue Gate Capital, Easy Street, Bombora, and Mortgage Calculator Company. 

@Jon Schwartz also has an awesome calculator you and your target audience can download.

This is all true except the no expenses or depreciation part, you actually can do that in an IRA (just doesn't help you personally today) on leveraged real estate because that portion of the income is subject to UDFI/UBIT tax which is calculated after deducting the first $1000 and accounting for depreciation and expenses as it relates to the % of the mortgage. 

You can find the properties through this website: https://listings.vrmco.com/Just a word of caution for anyone with student loans, New American's qualifying criteria are similar to FHA - when calculating DTI, they will use 1% of your outstanding student loan balance rather than your actual monthly payment.