Include the income on the s-corp subtract expenses.

Then subtract repairs.

. *** Utilize 80% of the ARV in your calculations.2.Establish Days on Market through market research.3.From that – subtract repair costs4.From that – subtract finance charges5.From that – subtract holding costs6.From that – subtract RE commissionsWhat is left with is what I can pay.

Only issue in OH is for state tax purposes you don't get to subtract your personal 401k contributions as they are taxed for state purposes.

Then, subtract off your chunk of the rent.

(I plan on buying units and selling or lease/optioning units).I've heard that you can look to local lower end apartments and subtract 20% but that seems like a rule of thumb at best.

From that, subtract any improvement/building costs, subtract soft costs and subtract equity/profit that a developer would expect, and you can get an idea of what the land is worth.Sorry to be so vague, but it's unlikely anyone here can offer more detail without more information.

But in reality you would subtract maintenance, vacancy and management from that rental income.

After those calculations I am at 73.3%.From that number I will subtract $2,000 (unless I can estimate better) for taxes, insurance and utilities for 6 months.

When figuring out your CAP rate you shouldn't be subtracting PITI to find your NOI.