Even if accurate the broker is using 897,781 as net income.So they are saying expenses are only 375,049 a year which is 29%.No way should you believe those numbers.50% if no landlord utility and 60% costs ( double what they say ) if landlord pays utility.

Just make sure those numbers you were given for rent are accurate!

There have been several posts here on BP about using the zestimate and I think that it is unanimous that the zestimate is not accurate.

Also if you want to find the value of the property you are interested in you can use this free servicehttp://findcompsnow.comit is pretty accurate.  

Hello Matt,    The last I checked, the lots were listed and so I presume that Jessica has been working this, but at that time they were still available.Is this accurate, @Jessica Stevens?

And you get the benefit of having over 70 past ones to catch up on.Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info.

get accurate comps and nail down your ARV2. 

Each unit is a 3/2 with rentometer quoting roughly $800 per unit(not sure how accurate that is).

Cap rates are only usefull for property types where you can get reliable cap rate comps.  99% of small residential owners don't keep records accurate enough to be comparable and they would also not compute consistently the same way to have valid meaning.

And you get the benefit of having over 80 past ones to catch up on.Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info.