Lets say your revenue is 2000: subtract 20% management fee, airbnb management tools, Utilities, repairs, etc.

This is important because the principal part will be subtracted from the $220k owed, but the interest will be added to it...and I would estimate that about $20k of the $28k back owed is interest.2 - see #1...so, the real total owed at this point would be more like $240k...assuming there is no rehab to be done.3 - Now, you need to cover this, and closing costs (no matter who pays them, they can't come out of the $240k owed (see #2).  

After subtracting the fees and PM commission, the owner is probably getting $700 i.e. $100 a night. 

That is not an investment property it is a personal home.Take your $500/m positive cash flow and subtract from that a return of a minuscule 4% on the equity of $435,000.$500 - $1450 = - $950/m.

. $5,000 parking fees annuallyOur total income is $1,217,000 for this complex.Now we can find the NOI by subtracting all the Expenses from the total income.Here’s a list of potential expenses that an apartment complex might have:• Management fees• Maintenance• Trash collection• Landscaping• Pool service• Taxes and insurance• Accounting and legal• Utilities• PayrollAnd NO…the mortgage payment of principal and interest are not considered an expense for calculating NOI.Let’s say that all of our annual expenses on this 100 unit apartment complex comes out to about $517,000.So what is our NOI?

@Mike Snyder,In your MAO calculations, you left out holding costs and closing costs as subtractions.

I typically subtract 3%, of the ARV.Realtor Fees: What is the commission you are willing to pay your listing agent (unless you are the listing agent) and the buyer's agent.

Then we subtract yearly property tax (varies by county) about $1,500 and we subtract Home Owners Insurance payment - about $600 a year (not including HOA fees) that leaves him with about $2,000 a year profit.When you add lawn care, the broken water heater, the broken toilet, the paint job, replacing carpet, fixing the roof, pool care, anything and everything that has to be done to maintain a house properly to get top dollar when you sell,it becomes obvious that a house is a liability.mirror wrap is simply An AITD   same process same results.  

Or they just subtract insurance and taxes and consider that all expense. 

I took the 70% of the ARV and subtracted the rehab costs and it got me 75k which is the PP, but could negotiate it down even more since there is no HVAC unit (it got stolen).