Cap Ex maintenance alone doesn't make the cash flow NEARLY a fair comparison.  

I also reviewed the photos and I wasn't sure the cap ex included landscaping etc..

Not sure if you're being generous with your monthly expenses (vacancy, cap ex?)

For expenses, you could start off using the 50% rule (assume expenses will equal 50% of your rental income) for initial analysis, but once you're doing serious due diligence, you can do the following:-Look up the property tax rate on the county assessor's website-Contact insurance companies for estimates on insurance-There are some rules of thumb for estimating regular maintenance and cap ex costs.

Ex: mortgage recorded in 2000 for 70,000.

Vacancy can be 0-25% depending on turn over and what month they move out.Maintenance depends a bit on age of home but I would use about 0.1% to 0.2% per monthCap Ex depends on traditional (.5% a month) or private money (1%)Sales Expenses:  6-8% for closing and realtor plus about 2-4% for holding costs

I know how these things go.So think about it  fully rehabbed 40k home.. that home has to be bought for 5 to 10k  because if you want a home that is rehabbed it needs at least 15 to 25k of work done to it .. so it does not eat you up in cap ex.. so lets say the company wants to make 10k  ( pretty common for house flippers) so the most they can be in the home is 30k  so you are buying the lowest of the low at wholesale values the worse of the worse areas.. and on the face these do not equate into long term steady cash flow vehicles. they just don't  they only are sold to those to new or naive to understand this won't work long term....

Ex in Rock Hill non owner occupant : 100,000 assessed value X 6% X .3296 millage  rate = $1977.60Ex in Rock Hill owner occupant : 100,000 assessed value X 4% X .2152 millage rate = $ 860.80Before you buy any property in SC call the county tax assessor and they can give you the exact taxes for year.

Many PM companies won't touch them, and the ones who do them well definitely aren't charging 6% in my experience. 2. 4% for Cap Ex isn't going to cut it.

I'm an ex-Commercial Banker with 20 years experience in the Real Estate & Finance industry.