Analysis of Resi Apartments- is a cash flow the best way to tell if it’s a good deal?
I am doing analyse of a small Resi block comprising of 7 1 bed apartments. What is the best way to tell if it is a good deal? 

I.e should I be constructing an in depth cash flow or is some quick analysis on pp, capex, rental yields and sold prices all that is needed? Business plan is to do them up and lease them out (on 12 month lease terms) and hold for a few years before selling the lot to the next investor. Thx
[{"id": "ih44uil", "text": "Share some numbers : PGI and Expenses , financing ? Growth assumptions etc", "replies": [], "depth": 1}, {"id": "ih47sh0", "text": "You need to calculate NOI (net operating income) and apply an area-appropriate cap rate to determine a fair value. Start with full rent and deduct vacancy. Then deduct expenses - maintenance, utilities, taxes, insurance, etc. This is your NOI. Do not deduct interest / loan amortization.", "replies": [], "depth": 1}, {"id": "ih4q6yy", "text": "Cash flow is for investors that are poor or are poor investors.  \n\nUsually the reason a property cash flows on paper is because is because it is cheap.  It is cheap because it is really not profitable.  You will not see that paper cash flow or if you get it you will hand it back in transaction costs when you sell.\n\nEven over a short period you want to see rent growth and appreciation.  That is where your profit will be.", "replies": [{"id": "ijimlmb", "text": "Wrong again. Your advice is total garbage. For example, a core fund in the ODCE buys real estate for cash flow and doesn't bank on appreciation. These are multi billion $ funds, not \"poor\" investors.\n\nI transacted with an advisor that was launching a $2B Singapore REIT IPO. They literally backed into a dividend yield (IE CASH FLOW) to determine how much debt to put on the portfolio. RE investors care about cash flow - very much so.", "replies": [{"id": "ijm8l6c", "text": "Aren't you the guy that thinks if you increase NOI your cap rate changes?  GTFOH.  \n\nTHE POINT is that cash flow is not your profit but I can understand you novices thinking it is.  LOL", "replies": [{"id": "ijmllmb", "text": "Ok Honolulu Bob. I\u2019ll be in Hawaii in a few weeks to tour a few assets in a $1B take private of a massive industrial REIT. I\u2019ll take you out for coffee and teach you what you need to know to not be a fucking idiot.", "replies": [{"id": "ijmoxv6", "text": "Free ABC coffee!?!?  Man that will get me out of my $2,000 a sf ocean front condo in a jiffy.  LOL\n\nSorry but I spend summers in 74 degree Bay Area weather and leave the hot summer Hawaii months to poseurs like you arranging your Kuhio Ave. vacay around your kids school schedule.", "replies": [{"id": "ijmv0v2", "text": "Perfect. I\u2019m in the Bay Area. Pick your poison. I\u2019ll sit down with you and debate your nonsensical position over coffee, beer, or whatever fruity tuty gay boi drink you like.", "replies": [{"id": "ijmxnbz", "text": "Sir, you are stating that if you double the NOI there is a change in cap rate and your value remains the same.  I don't suffer fools.", "replies": [], "depth": 7}], "depth": 6}], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "ih52d1q", "text": "There\u2019s a quick method that just uses a Gross Rent Multiplier. It\u2019s kind of a pain in the ass to find comps to support your GRM though.", "replies": [{"id": "ih5ifk3", "text": "GRM should be easy to determine comps unless you are in a place that does not report sales prices but even then MLS should be public.", "replies": [{"id": "ih7drg0", "text": "it's very easy to find comps that have sold been renovated and then rented, but the comps that have been recently rented and then sold are harder to find. There are some but i usually just have to first find all the leases and then hope some were sold.\n\nDoable but annoying.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "ih52nfr", "text": "Different ways to assessing its value. Cap rate, cash flow! I would start by looking at what your investing strategy is, whether it be long term or short term cash Flow!", "replies": [], "depth": 1}]