Dividing your annual interest rate by 12 ignores what Einstein described as the most powerful force in the universe: compound interest!

So for example if you do 75% financing, the equation will become 0.75Mc + 0.25Ye.The Equity Yield Rate is the investor's annual Cash on Cash Yield - the funds available to the investor after mortgage payments divided by his original Equity Portion of the investment.

So 12 divided by 4 is 3.

It would be pretty easy to add a formula along the bottom of the Pro-forma chart dividing your Return each year over your Cumulative Equity in the property and seeing in which year that number peaks. 

Is the rate in the lease divided by the time to do it equal to or greater than the state and federal minimum wage?

Once you have the market cap you divide the NOI by the Cap to get the purchase price.

Add up the cost to replace everything over the next 30 years, then divide by 360 and add some padding.  

Many landlords don't/won't do this because they don't want to spend money on the retrofit, but turn it around - what if the utility company decided they weren't going to meter individually any more, but just divide up their total cost amongst all customers and charge each one accordingly?

The majority of new inventory was divided among the three submarkets of Hilliard, University/Downtown and Upper Arlington/North Columbus with a combined 500 units.

Read this thread. https://www.biggerpockets.com/forums/49/topics/375...A TIC can divide interests among apartment owners, to avoid PUD's and Condo regulations, but check with your building regs folks, TICs are commonly used in multifamily units.FHA will finance a TIC interest/unit as well.2/4 plex aren't multifamily, 5 or more units is multi, HUD defines not local zoning except as to their zoning regs.Good plan, good luck :)