Below I will be posting a property I’ve run across and if anyone would like to share how they break it down and analyze it and what to look for, I’d greatly appreciate it.This property is already under contract but I think it’ll be good to breakdown:https://www.loopnet.com/Listin...8 Unit Apartment Building in Cleveland, Ohio12.06 % Cap RateAll 1 bedroom, 1 bathroom units built in 1962100% occupiedSummary says it is undervalued and you can increase rents to market value.Tenants pay Forced air Furnace heat and Submetered Electric. 

However, you should crunch some numbers to find out the following:1) closing costs to purchase2) holding costs until you sell (mortgage payments, taxes, insurance, water, electric, etc.)3) how long rehab will take4) how long you/real estate broker thinks the property will take to sell5) selling costs including closing costs and real estate broker feeHope that helps. 

Electric wise there are also a few plugs throughout the house that aren’t hot and the panel has some missing knockouts which the inspector said was curious.

People were doing that here in CA with the super cheap fiat500 electric cars.

A -4-unit, SW side, needs plumbing, electrical and 4-units rehabbed.

If you just got this unit, sometimes the electric utility can tell you what the usage was like in past summers.

A mobile lot with utilities in (water, good septic, electrical hookup, and propane tank or natural gas connection) and a dilapidated pre-HUD mobile will bring $30,000-$45,000. 

$100/S.F should work for simple rental house with good insulation, 2 head minisplits for heat/cool is $6k, $5k kitchen, $3k electrical, $3k plumbing with electric hot water heater.  

These houses would be very distressed and require everything replaced with new - roof, mechanicals, plumbing, electrical, flooring, windows and e.t.c.

I own a rental single family home  there which is in need of some electrical work and I need a second opinion/estimate.