Purchase price: $460,000 Cash invested: $50,000 My wife and I purchased a duplex in November 2022, lived in it for a year, and now rent it out using a long-term hold strategy.

Other than cap rate and cash flow, what other metrics/calculations do investors use to determine whether or not a property would make a good rental?

You don't want to limit yourself unless you have enough liquid cash to cover the difference for what you intend to buy in the future.

@Eryn Garcia  for 8  to 9 rooms might be worth it for the extras especially excercise equipment but I don't know about a hot tub. 

Might be worth talking rather then a written exchange with the PM.

Hi Haley, As a private lender, we do DSCR Cash Out Refinances all the time, and you can close in your LLC. 

Might be worth exploring - I can't say for certain, though - my experience is limited here.

We can save $2,000/mo off our W2 income plus the $460/ MO cash flow the property would make IF we get market rents out of the current tenants

If you do not own a primary home its easier because you can claim any 2-4 unit as primary and only have to put down 3.5% for FHA, 5% for Fannie Mae or No money down 100% of you are a Military Veteran.Live in the home for 12 months refinance pull some cash out and move on to the next property to buy.

He believes the cash flow is great.