@Matthew M.If you are buying and appraisal was more they will say share the appraisal - also sf can be calculated differentlyIf you are buying I would not complain as you are getting the value you wanted (or more).

You can find the properties through this website: https://listings.vrmco.com/Just a word of caution for anyone with student loans, New American's qualifying criteria are similar to FHA - when calculating DTI, they will use 1% of your outstanding student loan balance rather than your actual monthly payment. 

Calculate costs with conservative rent to understand your worst-case cash flow.

@Jon Schwartz also has an awesome calculator you and your target audience can download.

The 4 I've talked to are: Blue Gate Capital, Easy Street, Bombora, and Mortgage Calculator Company. 

Net income would be the Host Payout of $541.26.But your true net is what's left over after deducting all expenses not accounted for in this calculation, such as utilities, internet, consumables, etc.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Know your numbers no matter what and use the BiggerPockets Calculator Tools!

There are other ways to calculate this as well.Hire a tax pro!

For my calculation, I've assumed $1200/yr utility paymentsSeller is asking for $5,25k, but according to my calculating a fair price at 7.5% cap rate woud be $4,80k.What do you guys think?