358 x 12 = 4296 / 94500 = 4.5% (mortgage not added) 358 + 406 x 12 = 9168 / 94500 = 9.7% (mortgage added) Any clarification would be much appreciated. http://www.biggerpockets.com/renewsblog/2013/01/19/real-estate-math/ The Cap Rate equation: Net Annual Income / Purchase Price = Cap Rate NOTE: I don’t include the mortgage payment in this calculation.

You won't be able to get it from lenders (like a secondary mortgage on top of a regular mortgage type of deal).

If my math is right, that's about a 4% cap rate, assuming your total money invested (purchase price, closing costs, renovation) is $60K.

I usually do the math in my head.

Maybe I'm doing something grossly wrong, but I just don't see how that math works out.The Villages is working on putting 2,000 plus homes less than half a mile from where I've got some lots and a 24 acre parcel that we'll likely develop in the next few years.

Secondary market loans (or a bank) can't really refinance the contract under refi rules without the contract being filed as evidence of the interest in or to title. :)

According to http://livebaltimore.com/city-living-essentials/property-taxes/, Current (July 1, 2013 to June 30, 2014) tax rates:Baltimore City: $2.248 for every $100 of assessed property valueMaryland State: $0.112 for every $100 of assessed property valueSo, I'm terrible at math but it seems like I should be able to take an assessed property value, divide by 100, then multiply that times 2.36.But then when I calculate the taxes based on tax assessment, for example, in this listing: http://www.zillow.com/homedetails/322-E-33rd-St-Baltimore-MD-21218/36477903_zpid/, and trying a few years' worth of assessments and taxes, I get a number that is about $50-55 off.

**READ ALL QUESTIONS MORE THAN ONCE be clear on what is being asked because you will be given A LOT of superfluous information and you will go into overload trying to plug everything in,*** Math questions       Draw a "T" on paper as soon as you sit down                                     On top of "T" write P (Part)                                      Lower left write R (Rate)                                      Lower right write W (Whole) UNDERSTAND what you are solving for.. plug in what information youre given and solve accordingly.Ex. if numbers are side by side multiply, if above and below TBar divide.KNOW how to compute HUD calculations for both Seller and BuyerKNOW types of estates and agencyGodspeed

Here are the details by my research and math:3/2 1500sq ft townhome in working class neighborhood with below average income; city-data describes it as primarily folks in 30s-40s; 80% with high school diplomas; 40/60 rental/owner-occupant.List price: 37k (foreclosure)Most recent tax assessment was 90kPending info on repairs-needed and expenses, but based on pics it looks to be in good shape.

With that wording you listed, could you have the secondary attempt to stay if the primary moves out?