Good deal?

I have a seller that wants to know what I can offer for ranch home with 4 tenants (3 separately zoned apts). Rent being paid is $620 times the four residents = $2480. Repairs are minimal…lets say $10k. Taxes approx $4000 per year.
I estimate the after repaired value to be about $325,000.
I’ve not worked on wholesaling a rental property that needs only a small amount of work. Any thoughts on what a good offer would be on this property, to make it a no brainer for my buyer?

You can use the Cap Rate (capitalization rate):

CR = NOI
-------------
Sales price

NOI = Net operating income (which is gross rental income minus operating expenses like maintenance, taxes, vacancy, etc.). NOI is expressed as an annualized number. NOI is what you have left over to service any debt used to buy the property.

The higher the CR, the better the investment. So, it just depends on what kind of return would someone need on their investment.

This formula is usually used for pure income-producing properties. Properties that have other intrinsic value (like an apartment building ripe for a condo conversion) are not good candidates for Cap Rate evaluation.