However the formula doesn't work for this one because with property management, that and the escrow eat up over 50% of the rent by themselves which leaves nothing for maintenance.

There is no magic formula.

Sounds like you have a formula that will work in your town.

Uwe,The $15K in fixed costs and the $20K in profit usually are taken from that first 30%, when this type of formula gets used

More importantly is how you changed your strategy to make it benefit you.Mike, I am sure, has had some of these and has already shared that his way, when he does get into something that did not equal his formula, is to get rid of it!!

Hey Steve,LOL yes that is a great formula and I actually offered the sellers $154,000 which they countered at $218,000I think they would have thrown up in their mouth if i offered them $117,500 hahathe rent is broken down as follows:unit 1: 625unit 2: 575unit 3: 600unit 4: 550this property is 2 blocks away from the Lake Front and comes with 4 parking spots.

I used to race go karts when i was younger and have always wanted to race formula 1 since a little boy.

The standard rehabber’s formula [ARV (after repair value) x 70%] – repairs = maximum purchase price is going to leave you with approximately 10-15% profit depending on hold time and type of financing used.

Could you compile a quck formula to figure out a properties actual value?

First, since you are basically doing a fix-and-flip, you should apply those formulas.