Using Rental Calculator for Vacation Rentals
I am using the Rental Calculator for analyzing a vacation rental. I'm looking at a 2/2 for sale for $375k. Using 20% at list price and 4.5% IR and using actual income and expense numbers provided by the seller for 2016 the property analysis is showing a cash flow of over $1000 and a COC ROI of almost 16%. The analysis shows an NOI that matches what the seller is advertising. I'm new at investing and while this seems like a great deal I'm trying to make sure I'm not missing something.