We want calculate or best estimate performane on a property.

Upon further analyzation of the property and the comparables, I determined that the ARV was closer to $81,000, the rehab costs came to about $62,000 (very rough estimate), and similar properties have been appreciating at about 3% a year since 2012.

. $0 repair costs as house is in great condition so I have estimated less than $1k to get ready for rent.  30/15 Balloon at 4.2% Financing.

(Big assumption, I know).I tried to find the Net Op income by applying a 20% vacancy factor, 2014 property taxes was $5,700, estimated maintenance $3,000 and insurance of $1,500.

(Big assumption, I know).I tried to find the Net Op income by applying a 20% vacancy factor, 2014 property taxes was $5,700, estimated maintenance $3,000 and insurance of $1,500.

My estimated would be $208,000 once its done.It was build in 2004 w/o occupancy ;sf: 1553; 3bedroom/2 bathroom .

Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbookYou might consider Niche or Specialized Housing like student housing.

@Cole Fisher Assuming you're planning to self-manage, I'd include vacancy and maintenance/repair estimates.  

If we rented it out, we think our total costs (management company, monthly payments, 3%/yr repair estimate, etc.) would average $2k in worst case scenarios and $1750 in good cases.We're thinking about renting it out for a year while we move into an apartment.

Chase has the note and they are estimating that the market value is between 68k-78k.