It's very generalized and they don't look for code compliance or violations although most inspectors will point out obvious code violations such as missing plumbing cleanout or electrical outlet distance from floor etc...you should rely on an inspection to give you a general idea of the health of the property.

The owners didn't even have the electricity (heat) to two of the units separated, so the owner is actually footing the electric bill (avg. $230 / month).

Basically this is her analysis and I'm wondering what you think...List Price: $250,00025% Down Payment: 62,500Mortgage Amount: $187,500Gross Monthly Rent: $2400Gross Yearly Rent: $28,800ExpensesTaxes: $5058Insurance: $1400Water: $1300Gas and Electric is separateVacancy (5%): $1440Total Expenses: $9198Net operating Income: $19,602Mortgage Amount: $187,500Monthly Payment (4.5 interest rate, 30 year fix): $950.03Yearly Mortgage payment: $11,400.36NOI/ Yearly Mortgage Debt: 1.72Two things I've never heard of NOI/ Yearly Mortgage Debt.

is a higher rent justified if you add solar panels to the property elemanateing the need for a outside electric compay?

Hello If your appliances are older than 1990 and in working condition, Puget Sound Energy which is the utility company in the North West - Seattle metroplex , will replace these with new appliances.

ALSO, due to a recent storm a branch fell on overhead electric line which a pole that was attached to house and went through part of roof was partially ripped away from house and now you can see through part of roof for underneath house.

@Jose PerezLandlord pays water and heatingI will almost always pass on a deal where I am responsible for heating unless there is a way to separate the gas and electric.

It required a substantial rehab, including going down to studs in one unit, redoing electrical in that unit and minor plumbing.  

It is a rehab in process, exterior paint scraped, interior, new electrical, new plumbing, new sub floor & drywall hung, no tape..

Dont know mortgage interest rate and without having a complete breakdown of your monthly:Property taxManagement feeInsuranceWater, electricity, and trash ( if you're paying for it)Maintenance reserve and cap exVacancyI can't provide you with a complete break down.As far as cap rate( noi/ full purchase price of property) I'm calculating 6.1% and a cash on cash return of 5.91%.