I am about to start analyzing those kind of deals, but I am a little confused about what exactly to look for when analyzing a small multifamily property deal.I know I can use the rent calculator here on BP, but that doesn’t take into consideration the comps in that particular area.

Your RMLO partner will calculate the agreed upon amount based on a specific period of time and if you have agreed on a balloon payment or not.

I am currently trying to calculate a deal.

Building constructed in 1980Present loan value appx $77k on a 15 yr note with 3.375% interestP&I pmt is appx $602NOI 2014 was $11489NOI 2013 was $5142      (spent around $4k on updates/remodeling)Appx $27k by my calculations of capital improvements needed in the next 5-10 years to increase the value of the property, properly maintain it, and keep it functionally up to date in order to attract higher quality tenants (located in a b grade area) (I'd rather have more invested to have higher quality tenants - have my own reasons for this line of thinking - willing to sacrifice a bit of profit to have good people)- Redo Kitchens- replace doors and all base trim/casing (more for my taste and would help the place rent out even quicker)- 2 escape windows installed for basement bedrooms- Concrete work needed on patios and near front of the house -- need to be done in the next yearProperty based on comps in the immediate area and a tight supply of decent duplexes here is $175-210k or so.  

Q2: When you do CoC calculation, especially for the next 10+ years, you omit growth in equity (property appreciation + reduction in loan balance).

It is calculated in a similar way to plain CoC:CoC w/ Equity = (Net cash-flow + Equity increase) / Initial investmentWhere Equity increase is the only new term which is: (i) the increase in property value (est.)

The value of the properties and the value of the notes should be calculated in two completely different ways. 

Even though the % calculations work, the actual dollar amounts didn't make it a keeper.Happy to provide details.

Can someone take a look at the result from the calculator?

And how can I calculate how much it'll cost to make the few known repairs?