Find out the cap ex and see if this is a deal you want.

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For federally designated rural areas only, income capped, and generally no house hacking.http://www.rd.usda.gov/files/fact-sheet/RD-FactShe...

I’m making an offer on a 10% cap 4-flat to house hack with FHA.

I would calculate this as follows because it's a 6.5 Cap then value at $2.46MM If DSCR is 1.35                                     If DSCR is 1.25Loan $1.6MM                                      $1.736MMLTV  65%                                                  71%Rate 5.5-6%Term 25 YrMtg Payment $118.5K                             $127k  Difference would be the DP.

The numbers do still work and provide a positive cash flow after expenses and holding for vacancy, cap ex, and even management for later purposes.

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You can even customize your own reports.Less then 8000 units: With QuickBooks Pro - you can use it but the features are limited and takes little more time and effort. 

Your cap gains/loss disregards the depreciation when you sell, since it's recaptured at 25% separately, so you're calculating the loss gain off the$155k, plus capital improvements.  

Conservative actual cap rate of 7.5, rising to 8.5% if I can get rents to $620 and $700.