Cost is $1m and grosses about $300k-$350k per year.

Gross.

Having a high gross rental income as compared to property value certainly helps in dealing with the property taxes.

If you have two years landlord experience then you will be able to use 75% of the gross rents.

Brick duplex on a crawl space (never seen one before. seen either vinyl or wood) 2 section 8 tenants (7 yrs, 5 yrs) asking price $75k (assessed value at $29k) current rent - $1,400/month = gross - $16,800 insurance (guess) - $100/month (could be more) = $1,200 taxes - current year - $2,500 (most have been $4k) will have to use PM since it's 30 mins away - $150 per month Repairs - $100 month (average) no immediate repairs, they seem to be happy living in clutter and nicotine discolored walls according to @Joel Owens formula:gross rent - $16,800NOI = 16,800*.4 = $6,720CAP = $6820/75k (asking) = 8.96it's a C area, but not warzone. that whole town is that way. it reminds me of flint (great at one time), but without the crime.Basic formula:15 yr ammortization, 5.25% apr = ~$466,expense of P&I + PM+repairs+insurance+taxes (current) = 466+150+100+100+208 = $1,024Rent = $1400Profit = $376 = $188 per door

Stories:3Year Built:2012Lot Size:9 AC Financial SummaryActualYear2014Scheduled Gross Income$110,400Operating Expenses$14,861Net Operating Income$95,486

That being said, the nearby comps are .60 to .80/sf which would put these units at around $700-900/ mo range gross.

Will they go off the Adjusted gross income or will they use my lease agreements?

Question: How much would/should someone pay for a duplex with new roof, 2 new gas boilers, new kitchen appliances and property grosses $1755.00 per month ?

I will revisit the price, if necessary, after the potential tenants have done their market feasibility study to assess their potential gross sales.