-We've got a very green economy out here.  

[quote] CASHFLOW ANALYZER Rent per unit $ 950.00   Sales price $ 95,000.00   # of units 1   less     Annualized rental income $ 11,400.00   Down $ 19,000.00 20% less percentage   Repairs $ 5,000.00   Vacancy $ 570.00 5%   Total Investment $ 24,000.00   RE Taxes $ 1,200.00   Loan $ 76,000.00   Insurance $ 720.00 $ 60.00   Terms     Management $ 1,140.00 10%   4.00% Interest   Maintenance $ 570.00 5%   30 Amortization   Utilities/HOA $ -   DEBT SERVICE     Reserves $ 570.00 5%   Payment $362.84 per month Operating Expenses $ 4,770.00 44%     $4,354.03 per year Net Operating Income $ 6,630.00         less Annual Debt Service $4,354.03 DSCR 1.523       Cashflow $ 2,275.97 Cap rate 6.6% Monthly cashflow $ 189.66   CCR (%) 9.48%        [/quote]Scenario #2: New roof, decent zestimate<-> purchase price (I know I don't hold much faith in Zestimates)[quote] CASHFLOW ANALYZER Zillow's Estimate $ 152,000.00 Rent per unit $ 1,200.00   Sales price $ 125,000.00   # of units 1   less     Annualized rental income $ 14,400.00   Down $ 25,000.00 20% less percentage   Repairs $ 5,000.00   Vacancy $ 720.00 5%   Total Investment $ 30,000.00   RE Taxes $ 1,600.00   Loan $ 100,000.00   Insurance $ 720.00 $ 60.00   Terms     Management $ 1,440.00 10%   4.00% Interest   Maintenance $ 720.00 5%   30 Amortization   Utilities/HOA $ -   DEBT SERVICE     Reserves $ 720.00 5%   Payment $477.42 per month Operating Expenses $ 5,920.00 43%     $5,728.98 per year Net Operating Income $ 8,480.00         less Annual Debt Service $5,728.98 DSCR 1.48       Cashflow $ 2,751.02 Cap rate 6.5% Monthly cashflow $ 229.25   CCR (%) 9.17%        [/quote]Scenario #3: Lower purchase price for a 3/2.  2story ugly green house.

@Bruce Green  you should always get pre-approved first.

@Torrance Green - Welcome to BP!  

@Daniel Green welcome to BP

I'm still amazed that Green Bay not only has one, but it's a thriving franchise. 

Eventually, i would like to be renovating older urban homes/buildings into extremely green and efficient homes/apartments in new urbanist ( is that word?)

At the most a years seasoning is all you would need so that the note is not viewed as "green" anymore.

In my market, there seems to be so many investors watching the MLS that ultimately one or two green investors will overpay or are willing to settle for a small profit.

It's a theives paradise, just like the slots market.