If you keep track of your mileage driven for the rental then multiply that by the business mileage rate (2016 0.545 cents per mile) to get your total automobile expense related to the rental.

If you don't know the cap rate, can you do a back of the napkin calculation by adding total rent, back out 10% for vacancy, then subtract 50% for expenses and take the net number and multiply by 10 to get a benchmark on price to offer?

Brian, you need to multiply the $314 x 12 to get an annualized amount.  

___ If anyone takes the time to figure that out and multiply that time by what your time is worth, i think you will see that the fees that a PM charges are well worth it.

So do what Sarah said, take the purchase price at multiply it by 1.15%.

So whatever you think the value is (130k or more), multiply it by one of those percentages above.

I would be cautious using comp information from zillow.com because basically zillow takes the average selling price per square foot of an area and multiplies it by the square feet of the house to come up with their Zestimate.  

It's all about the assessed value and the tax multiplier which could increase depending on things like new tax referendums or tax hikes. 

However, if you want to do more than one, you can multiply your money by getting a loan.

If you do your losses will multiply and a nonpaying tenant will still be resident in your unit.