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 :) 

Residential real estate is depreciated over 27.5 years but it's much more complicated than taking the purchase price and dividing by 27.5.

Let’s divide this by 12, so we make $16,667/month gross.

@Alexander MonninThere was a guy on BP who said he calculates his CapEx by taking inventory of every CapEx item (roof, AC unit, appliances, etc) and coming up with a total price to repair all of these items (if they need to be replaced within 10 years) and then dividing by 120 (10 years x 12 months each year).

At a 6% cap rate it's an NOI of $126,000, divided by 50% (to gross up the potential income) is $252,000.

ROI is the gross annual rents divided by the total amount you put unto the property (down payment, costs, expenses) then converted to a percentage.Ex100k property, 50k repairs, 150k total with 20k annual rents.