Alternative to CoC ROI
I recently took out short term loans to purchase a rental property (reasons why are for another post). One loan will be repaid in three years, and the other in five years.
The traditional CoC ROI doesn't seem to make sense when analyzing potential deals since the payments are very high and will be finished in a relatively short time.
What are some ways to analyze the deal both during the terms of the loan, and then once thew property is free and clear?