Gross revenue, then is $3600.00.  

Monthly Cash Flow = Gross  Monthly Rental Income - Operating Expenses (utilities, insurance, taxes, Management fees, water & Sewer, etc.)Pro Forma Cap Rate is projected year to year with increases in rent and expenses.Purchase Cap Rate = NOI / Purchase Price which should be around 8% to 10% or so.NOI is Net Operating Income or your Yearly Cash Flow as above times 12 months.Debt Coverage Ratio = Annual NOI / Annual Debt Service or your annual mortgage payments.Lets say your yearly NOI is $40,000 and your monthly mortgage payments are $2,700 x 12 = $32,400.

To me the price doesn't seem that high.  18 Units with a gross income around $166,000 and an expense ratio of 55% (which is probably high) still leaves you with around $75K in NOI. 

Don't forget, if you divide his monthly rent by 4 to set his weekly payments, you already gross more... instead of $9600 ($800 x 12 months)for a year, since there are actually 4.3 weeks in a month, you now gross $10,400 ($200 x 52 weeks).  

I could go to Weat Allis WI and for 120,000 get a duplex that grosses $1600-$1700.

This information was gathered by someone other than myself or any employee.___________________ __________________________ Date Landlord/Manager

I gross $2,900 on average with my lowest month being February due to a guest that cancelled on me after having the entire month booked so I had to scramble to get people in there which left me with 5 vacant days for the month.

I could hire an office assistant or pay for a full-time employee for that amount.

Eight billion dollars are withheld each WEEK by employees IRA/401k's!

There may be required withholding from the gross total.