(Rule of thumb suggests that falling below 1% gross return per month makes it increasingly hard to cash flow positively on average, when borrowing to the max).A similar question: Are you getting a bargain* (compared to sold comps)?

This BP analyzer is pretty superficial...If you are wondering if you should pull the trigger, you'd need to have a set investment criteria, and then we'd have to ask if the deal in question meets those criteria...this is a residential property valued by comparable sales...CAP is irrelevant entirely...Cash-on-cash merely puts your property on the same level playing field as other similar properties for the first year...it doesn't truly dictate a good deal.

You should read the lease contract, see how much the monthly payments are compared to what the electricity bills were before solar at the property, look for a fixture filing or lien in the contract, and go from there.

It's been rewarding for me.

As a rental unit it is pretty bad to invest in compared to apartments, the competition, and financing. 

NYC uses a magic formula (statistical analysis) to figure out how much your property is worth based on comparing size, style, and age of your unit with your neighborhood. 

Living a frugal lifestyle is/can be just as rewarding as spending beyond your means.Remember investing is a long term plan not a race.

Rentors are easy to deal compared to former owners.

The 1st Quarter numbers are in - these numbers compare January - March 2018 to the same period in 2017.

This is why cap rate is commonly used to compare one property against another to determine which is a better investment.When you measure ROI specific to you (i.e. the investor), then yes it makes more sense to use your down payment.