That's a 96X multiplier, seems a bit more "ridiculous" than "reasonable" to myself. 

I was told covid moratoriums were the nail in the coffin, mass foreclosures where out there, hanging int he ether, just waiting for the moratoriums to come off and it was going to be an avalanche, a tsunami of foreclosures unlike anything we have ever seen.......

That is a force multiplier, and it allows you to buy this asset and offset that monthly cost so you can save for the next one.

Divide replacement cost by the number of years, then multiply that by the number of years remaining.

Take out your calculator...multiply 27K by 1.16 over and over (to represent  your 16% annual cash return compounded)...and see how many years it takes to "get wealthy" by whatever your definition is. 

But the one that I was told is the easiest and quickest way to estimate is to multiply the square footage by $20 or $25.

Also you need to multiply that list of 150 by 10.

The gross rent multiplier is $105.

That would come out to be about $10,299.17 per month. 50% of the monthly NOI is $7575, subtract the loan and you get -$2724.17.The GRM (gross rent multiplier) is 8.

I understand the process of finding ARV and then multiplying that amount by .70 and subtracting repairs cost to determine the amount an end buyer will pay for the property.