At that price you could do a nice house in a good school district with good tenants  Even if you have lower COC it may be worth it to avoid capital gains, but this just a calculation with your tax pro. 

I have been searching for properties in the boroughs but have decided our best bet would be to start searching in Jersey (perferably close to midtown) as properties in Jersey seem to be less expensive for a 3-4 multi family house.

You can create an IRR calculator in excel which definitely read about as the IRR function is best if only basing it on yearly inflows and outflows.

@Peter Morrissey I am not sure how to calculate this, however can't you simply sign up for the STAR program if/when you purchase, so your taxes will also be at the decreased rate?

I would also recommend to use bigger pocket rental calculator to validate your number with the result using bigger pocket calculator.

Hi everyone,I am analyzing my first deal with the BP BRRRR Rental Calculator and have a question on Loan “Points”.

How I determine my bid price is I run it through my calculator I built that analyzes 10 different options / scenarios and I bid on it based on a specified return I am targeting based on the worst case option.

Also even at 25000 it still fit the 1% calculations.

The value is from the insurance providers (quick calculations): USAA - I use them for everthing else today, Statefarm, and Nationwide. 

I bet that tenant of yours stole it from somewhere like a hotel, couldn't open it, and just left it there.