Are DSCR usually fixed rates?

I too echo the sentiment about the high turnover rate.

I'm of course bias, but I grew up in NorCal, went to school in SoCal, and ended up in Reno, NV to invest. 

If you took a $100,000 loan at a 8% interest rate, you would owe a total of $8,000 in interest.

In the current market you may find the third R as the most difficult with current home values and interest rates, but it is not impossible!  

Net income = $39,240Monthly operating expenses are as follows: Trash - $33, Landscaping/yard - $66, Electric - tenants pay, Water - $95, Maintenance $87Monthly taxes about 3KSo, gross expenses are at $41,064If I'm doing the calculations correctly, my net operating income is -$21,888 and cap rate is -3.4%.Obviously the current numbers look terrible for this investment, but I feel like the rent should be raised significantly based on comps (above 2K each unit). 

The rates are competitive, but they require a larger down payment, usually around 50%, but your client could get in a great 3 fam in Bushwick, Bed Stuy, etc. 

@Chris Strandburg Our properties are renting out for 50% above long term rates on average.

Rates are high, prices are high. 

I have found a number of other users posted this question in the forum over the years but I cannot find a resolution anywhere.The way the Rental Property Calculator derives the "Profit if sold" number seems to have an error in it if you are using the function to increase the rental rate and expenses each year.