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I like the search features: https://www.biggerpockets.com/search

The mortgage is 1710 and the rent is 1875 so covers the mortgage but obviously there cap ex and other expenses which I occur.

- airDNA forecast increasing, >$550/night by 2021)Short term Rental Fees:-Property Mgmt (20% of revenue)= $1900.00 -Local tax (13% of revenue) = $1235.00General fees:-Mortgage Principal+Int: $1578-Insurance(monthly): $160-Property tax(monthly): $317-PMI: $200 -HOA: $0-Maintenance: $500/month -Utilities/electric: $250-Utilities/grass: $150-Utilities/water: $100 -Utilities/Internet: $70 -Cap Ex (saving 5% of revenue): $475-Vacancy (Saving 5% of revenue): $475——————Total: $7410$9500-7410$ = $2090 cash flow/month on average ——More traditional rental, eg month-to-month: 4 months per yearRental IncomeUnit 1-(3 bd/1ba): $2500/mo Unit 2- (1 bd/1ba): $1100/moUnit 3- (1bd/1ba): $1000/moTotal: $4600/monthGeneral fees:-Mortgage Principal: $1578-Insurance(monthly): $160-Property Mgmt (10% of revenue)= $460-Property tax(monthly): $317-PMI: $200 -HOA: $0-Maintenance: $500/month -Cap Ex (saving 2.5% of revenue): $ 122.5-Vacancy (Saving 2.5% of revenue): $ 122.5Total: $3460/month$4600-3460= $1140/month in cashflow on average

@Ryan Blackstone Nice, I didn't even know there was an event feature on here.

If I know the market cap is 7%, this would value his property at 2,100,000.However, if I were to evaluate purchasing the property at 2,000,000 that would increase the property taxes significantly to 56,000 (using the 2.8%) thus lowering the NOI to 94,000 (all other rev/exp staying the same).

It is just been a head scratcher to think of how to market it to investors who really want to see previous business numbers and cap rates.

Cap rate is 6% .

hello guys, identified a Property in cook county that matches our Criteria. but i've been reading a Lot about taxes, is there a Cap for how much they can raise?

Current cap is 19.5% Lessons learned?