View report*This link comes directly from our calculators, based on information input by the member who posted.Hellow Investors, I'm looking to purchase my first property in NYC/NJ utilizing an FHA loan (currently renting in Queens NYC). 

Comming from Slovenia (Europe) I wonder if BP calculators are useful/relevant for European real estate market, as we have different prices, taxes,... as they have in the USA?

If you have questions about particular transactions, send them to your CPA.Of course your CPA will calculate your depreciation, which will be one of the larger deductions on your schedule E.

I think Brandon said BP has a report that is generated after using one of the calculators that he sends off to investors.

Scott has also written a terrific guide to calculating ARV.You will also want to get some education on what is currently going on, economically, here in the U.S..

This number can potentially go up using a HELOC as a 2nd mortgage.Also, depending on your middle credit score, the maximum DTI is 45% or less.Of course, all of these calculations are based on the current fair market appraised value of your property.If these ratios are too high or the appraised value comes in lower than expected, the lender could require the cards to be paid off at closing as a condition of final approval.As far as the deposits are concerned, a "large" deposit can be seasoned in your bank account for a 30-60 day period to avoid having it become an issue in underwriting.  

You should be able to google mortgage insurance calculators to get a better idea of what it would be.

The relationship between the two is essentially that CoC takes into account the annual financing costs (annual investment), while cap rates don't.I'd definitely recommend familiarizing yourself with the BP calculators which will show you how to use and understand both these factors in your initial analysis. 

It’s always good to see both sides so thank you.I hope I've answered your points too @Erwin Groenendijk, feel free to pick apart my calculations in case you think I've got something wrong!

Being a newbie, I may have some numbers that are a bit off, and if so, feel free to challenge them.So I have seen people assuming Capex of 5-10% of the rent, which would equate to $85-170/mo for a 1,500 sqft 4br/2ba with no garage.When I run the numbers though, I get: $328mo, or just over19%, so I wanted a sanity check.I calculated the following (installed costs):Water heater- $1,000 per 10 years =$8.3/moDoors(8int)- $2,400 per 25 years =$8/moCabinets- $5,000 per 20 years =$20.8/moCounters (gr)- $4,000 per 25 years =$13.3/moBacksplash- $2,000 per 25 years=$6.7/moFridge- $700 per 20 years=$2.9/moOven- $500 per 20 years =$2.1/moMicrowave- $300 per 15 years = $1/moDishwasher- $400 per 15 years =$2.2/moGarbage Disp- $200 per 10 years=$1.7/moWasher- $400 per 15 years=$2.2/moDryer- $400 per 15 years=$2.2/moSiding- $12,000 per 25 years=$40/moA/C- $5,000 per 15 years=$27.8/moDoor(Fr)- $2,000 per 30 years=$5.6/moDoor(Back)- $750 per 30 years=$2.1/moRoof- $7,500 per 20 years=$31.3/moTile (500ft2)- $6,000 per 20 years=$25/moLVP(1000ft2)- $5,000 per 10 years=$41.7/moPaint (int)- $4,500 per 5 years=$75/moGutters (200ft)-$2,000 per 20 years=$8.3/moI would probably need some $ for driveway, exterior paint and landscaping as well, but overall with what I have included, it seems 2-4x more then most people even budget for.