That $21k NOI divided by the asking price gets to the posted 7.64 cap.For listed expenses, the total operating expenses ($8,965) only reflects the 2 entered numbers, HOA ($7,800) and property taxes ($1,165).

Cash on Cash Return - 10.19%Thanks in advance for your thoughts - RobertReturn (IRR):11.73% per yearTotal Profit when Sold:$217,855.15Cash on Cash Return:660.17%Capitalization Rate:7.69%Total Rental Income:$471,420.00Total Mortgage Payments:$245,284.85Total Expenses:$125,280.00Total Net Operating Income:$346,140.00 First Year Income and ExpenseMonthlyAnnualIncome:$1,350.00$16,200.00Mortgage Pay:$681.35$8,176.16Vacancy (3%):$40.50$486.00Property Tax:$102.17$1,226.00Total Insurance:$62.50$750.00HOA Fee:$166.67$2,000.00Maintenance Cost:$16.67$200.00Cash Flow:$280.15$3,361.84Net Operating Income (NOI):$961.50$11,538.00

I have been a board member at two country clubs the operating budgets are in the hundreds of thousands..  

LLC allows un even distributions.. so he gets a fee for each sale in the operating agreement it spells out his job and compensation..

Get a job that you can make as much money as possible (I know, it sounds loaded but track with me).

I look at our data showing that our rental price per unit is on average well-above our competition in most of the six markets we operate and I just wonder how someone can look at that as taking advantage.

In the jurisdictions I operate in judges normally postpone evictions for 3 to 4 weeks around Christmas. 

Small towns are often small for a reason, but even small town folks need a place to live in and small town businesses need a place to operate from.

I operate a property management company in Indianapolis, Indiana called Intrigue Indy.

I take their financials into consideration when determining if I can find ways to reduce operating expenses and increase my bottom line.