Property Summary:List Price: $230,000Estimated Monthly Gross Rental Income*: $3,400Estimated Monthly Operating Expenses**: $1,500Net Cash Flow: $1,919I have a business partner who may be interested in either a private lending of full equity arrangement, and I want to be sure that the deal is beneficial to him.

The building generates an annual gross income of $120,000.

I’m on the central coast and have one STR in a college town that grossed over $10,000 this month. 

Beyond that, if you plan on your properties to be property managed, you will be paying 10% of your gross income to the property manager.  

If you could cashflow a bad case scenario then build:Bad case scenario 2 bedroom grossing $60k at 8.5% interestDoes it work then move foward.

You can get 15-25% of gross booking revenue, which is usually as much or more than the arbitrage margins without the risk.

Property management was 10% of the gross monthly collected rent.

East English Village- Along Detroit's East side bordered by one of the more affluent townships which is Grosse pointe     University Detroit- Near the University of Detroit     Jefferson Chalmers- Along the Riverfront      New Center- Which is another midtown neighborhood which shares space with the Henry Ford Medical CampusMy group happens to be closing out projects in 4 of the 5 of these neighborhoods2.

Total gross rents are a bit over $16,000/mo with a little over half of that being net cash flow after ALL expenses (yes, I include capex, repairs, vacancy too).So I suppose the average per door is near $700 in monthly net cash flow.

I have been offered an exclusive Deal by a local "friend"/ semi-mentor in my small town.  8 standard 2/1 apartments -  Quad, duplex, duplex, 1970 Dated buildings, little neglected but liveableOwner finance: 20yr 6%rate with 20k down------------------------------------------------Total purchase 400KCurrent NOI: 41k     Cap: 10         (Tax,Ins,Maint, Util)Gross rent 4500/mth-----------------------------------------------Upgrade, Est repairs: 60k After reno: NOI: 59K   Gross rent: 6100------------------------------------------------Loan pmt: 2865/mth,    34k/yrCurrent Cash flow: 531/mth,  6,378/yrAfter reno Cash Flow: 2131/mth,  25,578/Yr-------------------------------------------------Added info- -Property line Joins with (growing) Community college-Tiny town-The Buildings are Currently "uglyish".- Current Rent is 150$- $200 behind market avg.I am very comfortable in single family homes in this town (own 18 SFH rented and performing well).