But they have a Profile french door fridge as well.So it is important to compare apples-to-apples.  

I have an Apple and am looking for something to help estimate my budgets on my current residence that I am fixing up and will be selling for profit.

Hi @Philip McTigheThe info from @Dana R. is great - I would be sure you add a couple more items that some people I find tend to forget on your rentals: Cable TV and Internet, not always required, but they are a great help to making your units more marketable.Also I found in my research for one market I am in, if the property has not already been zoned for a nightly rental you have to get that approved by the city, and they also require a fire suppression system (sprinklers) be in place.

Its apples and oranges and the city won't even consider your argument if you try it that way.  

However, living in Atlanta, I've never seen attached townhomes outside of a HOA setting, where a large builder has developed a large number of properties.On TV, of course, I see lots of attached homes for sale up north. 

@Norman Bauer @Dawn AnastasiI would buy 2 or 3 houses in Detroit and sell them as sweat equity for 1k down and 200 a month each.. there was some old dude in the Carolinas doing this I saw him on TV once.

How about that you aren't talking apples to apples.  

I would instead post a 3 day and see, paraphrasing Matt Damon, "How she likes those apples?"

Here is what the prospective property for the case study is like:Large commercial Big Box retail property (its a BIG place) Located in the suburbs of Des Moines, Iowa Des Moines is one of the most up and coming business hubs in the country and is bustling with growth.Former American TV and Appliance storeThey are the current owner and went out of business in this location about 5 months agoDirectly off the interstate (I 80 35)*** FUN FACT - Des Moines is the only place in the nation where Interstates 80 and 35 conjoin ***Directly across from a business parkIncludes a hotel, restaurants, office space, a movie theatre, grocery store, barsNear residential neighborhoods as well (adjacent to my house)Here are some of the numbers on the property:Asking Price: $7.2 MPrevious Sales Info: Sold in 2013 for $5,310,500146,003 Total Square Foot$49/SF10.21 AcresYear Built: 2000Current Assessed Value: $9.2 MCurrent Tax Information: $371,976 annual payment (EXPENSE)Water Payment Information:Summer Months: $3000 (EXPENSE)Winter Months: $400 (EXPENSE)TOTAL EXPENSE UTILITIES: $450,890AVERAGE RETAIL RENT - DES MOINES METRO: $12.32 / Square Foot / YearPROSPECTIVE PROPERTY AVERAGE ESTIMATED RENT: $1,798,756 / YearESTIMATED CAP RATE: 25%Based on previous sales price during 2013 of $5,310,500I wanted to first of all make sure I calculated these numbers correctly and wanted to get more opinions on what these numbers are like for a property like this and if anyone here has had any experience with a similar property.Thanks for all your help BP!

I enjoy watching the Montelongo's tv show.