For income they may use either the GRM (Gross Rent Multiplier) or Cap rates approach (the more popular method). 

California charges a minimum tax of $800 a year per LLC, and more if you have gross receipts in excess of $250k.

Since you won't have 24 months rent on it you can only have up to 75% of the gross rent amount added back to offset debt service but would require a lease in place to get that counted.

Rental numbers Month Year Purchase price $225,000 $225,000 Gross income $2,330 $27,960 Property tax (2020 rates) $150 $1,800 Insurance (need quote) $70 $840 * Electric (36 month average) $210 $2,520 * Gas (69 month average) $120 $1,440 Water (Private well) $0 $0 HOA (None) $0 $0 Vacancy %10 $233.0 $2,796.0 Repairs %10 $233.0 $2,796.0 Mortgage ($225K) $950 $11,400 NOI $1,314 $15,768 Cap Rate 7.01% COC %100 financed 7.01% COC %80 financed %20 down 35.04% Net income after mortgage $364 $4,368

Beyond that, fourth quarter Gross Domestic Product, the broadest measure of economic activity, will be released on Thursday (1/28).

Based on some initial estimates (mainly from Rentometer) I believe gross annual rental income would come out to about $48,000.

This was the classic, stinky, gross house that took a lot of time to get right but ended being a very nice house that was brought back up to the quality of the neighborhood.

This was the classic, stinky, gross house that took a lot of time to get right but ended being a very nice house that was brought back up to the quality of the neighborhood.

California charges a minimum tax of $800 a year per LLC, and more if you have gross receipts in excess of $250k.

It’s listed for $450k and currently grosses $4200 monthly.