The other 2 homes are on-site and will need roughly $7k of remodel each to make them Rentable. 

Currently fully rented for $1250/month, separate utilities, renters pay utilities.It's in pretty rough shape at the moment, had a full inspection done.  

Hi,could someone please provide a rough idea on how to calculate :1.  

Sounds like you found a diamond in the rough.

This city has roughly the same population it did in the 1940's, so there is nothing driving prices up other than inflation.

Your gain is roughly 2 mil.  

A smart agent knows that a loyal investor will carry them through the rough times when retail buyers are riding out a rough market.  

That actually provides a rough return of 12-15% annually before maintenance, capital expenditures, vacancy, and any carrying costs (i.e. loan interest).

Very rough ballpark figure for the repairs is $30K-40K (will be getting more details about the condition on our next call today). 

Repaired house would be worth $500K easily and needs $100-200K work.On the market for $315K$10k bankruptcy carve out fee paid along with 7% in closing costs to seller (and/or any other selling fees)$77k owed to Wells Fargo (no payments made for quite some time so there may be additional fees; payoff fee requested but we don't have it yet)City of Portland liens that including the following:Code Enforcement Fee: $84,360Nuisance: $3,374Code Enforcement: $856Code Violation: $16,431Code Violation: $9,729Code Violation: $9,688Code Violation: 18,676The debtor is allowed a $40k homestead exemption7% in closing costs to the seller.Above equals roughly $295k to pay everything.