Your best bet for knowing what you could get for a loan is to speak with mortgage brokers or lenders.

To just break even, I calculate you need between $1550 and $1850 in monthly rent, depending on what you assume for expenses.

That is why casinos give people chips instead of letting them bet with cash.

I'm not talking about going through a full blown due diligence check, but just a quick check of the numbers presented to you (hoping they're not proforma but actual P&L numbers) to even see if you want to go any farther.I know about different analysis spreadsheets which i think they're great. but what i'm talking about is how do you analyze the numbers/deal if you were out in the field and all you had was a calculator. what i want to know is:1. what info (numbers) am i required to get to do this quick analysis2. how do i properly use these numbers to make them mean something (like is the deal over or under priced, will it be hard or easy to get funding and etc), so what's the equation.

From calculations, they should have a positive cashflow once rented and I'm keeping a positive booster the "brand new status" in my head.

And please don’t load up the site of your site with calculators and a million buttons!

The price of the loan is well within my limits via a random mortgage calculator iv found on the internet.

.$70,860/12 months = $5905.00 NOI per month$760,000 @ 9% for 30 yrs = $6,115.13 monthly mortage paymentFor a NEGATIVE cash flow of $210.13 per month.So, shooting for $100 cashflow per unit, I would need to purchase at around $435,000.I pulled the 9% interest rate + 30 year term out of the air, so any corrections on the reality of such a mortgage are appreciated.Do my calculations look right?

Are you calculating GRM the same way I am?

It would take too much of my productive time to calculate those #'s and I've been very successful with my monopoly approach.