You should look into setting up a cap for electric if you have hot summers or cold winters. 

Quote from @Blake Johnson: It sounds like you have a great cash flowing property with a cap rate of about 16-17%.

Using a CAP rate of 7%, the $16,000 becomes= $228,000 of added value. 

But then after finding something I'm interested in, I usually have to do more evaluation on a spreadsheet (find out a cap rate, figure out potential rent, interest calculation, utilities, property taxes, wear and tear, depreciation, etc) and then find that the numbers don't work out.It would be great if there was a tool that had all that information in one place, and would do the analysis instantly!

I don't believe there is a cap on the number of accounts you can link either.

I believe it is completely reasonable to have a clause in your lease that places a cap on utilities with any overage (proven by a bill) being the responsibility of the resident.Our clause states that any electrical bill (we don't have gas, and water has never been a problem) that is over double the same month's bill from last year will have the overage assigned as a fee.It is important to keep your bookkeeping straight if you do assess a fee.

Both will come in about -$14-16K annually, have a cap rate of 3.7%. 

@Michael Tempel Reventure App has a cap rate at a zip code level based on residential.

I ran my own custom proforma for a bank loan using the asking price that would generate a cap rate over 10% and CoC just under 20%.

If Allstate has a cap of $750,000 how do you have a different property insured for $890,000?