It's a rough estimate of STR ROI and CoC, but I can tell by the numbers when a property will perform well or not.

Proud to say that it is completed and performing at this point.

Cap rate is relevant, but moreso in how it impacts our performance compared to metrics. 

For background, this is a stable, performing property with a plan to buy and hold for as long as makes sense.

This lets you keep the property and avoid taxes (if you were to sell instead).Why sell a performing asset? 

Seriously, it's horrific, the negative performance numbers are giant becomes screaming "run away, run away". 

At this point, an entity I created purchased the non-performing note from a private lender who originated the note.Because the borrower wasn't required to make monthly payments, we had to wait until the note maturity date to start the foreclosure process.

As Amish Tolia said you were light on some stuff but conservative on others and overall if it’s in good shape has a chance to perform nicely, especially if you included the debt service from the HELOC.If stuff at these numbers is attractive to owner occupants as opposed to just investors then exit is much easier (and more profitable) and you have a few thousand in pay down to include in your overall return.

Hello @David HyamsInv have you tried Calley and SwiftCall I know few people who are using these and are happy with the performance.

I do have one in Houston, that has currently suspended the preferred return and is evaluating the property performance on a quarter by quarter basis.