Each STR property I acquire must meet two financial benchmarks: a gross rent multiplier (GRM) of 5 or less [Property value divided by projected income must equal 5 of less], and compliance with the 1% rule as LTR, which serves as a backup if regulations shift or if there's a decline in STR income.

(not the $470k from the past...what you expect on an annual basis going forward)The sum of those three annual items is the numerator in ROE (the "Return" portion).Divide that by your Equity which = $469 ($850 property value - $381k current debt)

That is, divide this number by your down-payment (and include closing costs that you cannot recoup) to figure out your rate of return.Generally-speaking, I compare this annualized return to what I would expect to make by investing in an index fund (so if I can do better than 8%, on average, I am happy).  

I've used Home Depot in the past for Jeld-Wen sash inserts, but now need a whole-house order of (probably vinyl) windows, nice tall divided light french doors, custom shape for attic buildout, etc.

And the king said, “Divide the living child in two, and give half to the one and half to the other.” (1 Kings 3:24-25, ESV).    

Depreciation is your Basis (amount you paid for it) minus land(land does depreciate)  divided by either 27.5 or 39 years.27.5 years for residential39 years for commercial property.

. $8,640.00 divided by $40,000.00 equals= .216 which is a 21.6% ROI?

Find your average rental rate by adding up all the results that come on the first page and divide by the total number of units on that same page.  

Take the value of the building and divide by 27.5 because the IRS has allowed taxpayers to depreciate residential property over 27.5 years.

Its not just a matter of rearranging dividing walls plumbing and electrical.