You might make a profit, but it won't be a good financial deal.You can call around your area and get the 10x20 rent or google sparefoot for your zipcode.There are lots of places to build Storage competitively today, you just have to determine your financial metrics, learn a lot, then do your research.Start small and Make Your Big Mistakes Early.

What other formulas/metrics should I be utilizing to evaluate the property?

We look at 1% rule, 25% down, 10%+ cash on cash ROI, 1.3+ DSCR, 10 or lower GRM...a whole bunch of metrics and that almost eliminates everything we look at in Sacramento LOL.I agree about Stockton and what the future may hold for that city. 

<originally posted in "Buying and Selling" forum by accident, thought this might be a better home for the post>Hi BP Community,So I am pretty new here and I apologize if I haven't quite got my head wrapped around some of the RE metrics and/or correct forum to even start this thread.

@Daniel Vasilyuk Looks like you're well acquainted with the site already, and doing a great job of preparing for investing.BP has a great list of REI groups here: https://www.biggerpockets.com/rei/real-estate-clubs/The best way to get over analysis paralysis is to be analyzing properties continually, so that you're comfortable with the numbers and ready to strike immediately when you find a good one.I wrote a biggerpockets blog on the major metrics to understand when analyzing income properties as well as their formulas that may be helpful: https://www.biggerpockets.com/blogs/8814/73755-18-essential-metrics-to-a-complete-real-estate-investment-analysisAs far as how to find deals, there are many, many sources for properties:Let everyone around you know that you're looking for a property: https://www.biggerpockets.com/blogs/8814/72664-35-relationships-to-help-you-find-more-houses-to-flip-or-wholesaleFind deals on the internet: https://www.biggerpockets.com/blogs/8814/72016-55-resources-to-find-real-estate-deals-onlineAnd find deals off the internet: https://www.biggerpockets.com/blogs/8814/71506-27-ways-to-find-off-market-and-wholesale-real-estate-deals-offlineFeel free to reach out if you need anything. 

MSA metrics are great for picking a market but don’t forget to vet individual locations with that market, happy to send you some ideas on how to do that.

I was going to comment on the transition steps I have taken before, but to have to also analyze the purchase, the return metrics, valuation, the fix-ups, etc is too much for a simple post.  

Key Investment Metrics: Focus on the most important figures for your situation, such as cash flow, cap rate, and the 1% rule.

They often offer cost advantages and can boost your rental income.In a nutshell, when hunting for Columbus real estate deals, don't forget the "per unit" and "per bedroom" metrics.

lol) So by all investment metrics, it's sound.