How to run numbers before buying

[Travis Oneill]

👋 Hello All ,

I'm a newbie.

Currently looking at a 16 Unit Building offered at $825,000 at a 8.83% Cap Rate in Waterbury, CT

From my self studies 📚 this is what I drafted on running numbers can u please let me know if this is right or wrong I'm a newbie

■ 16 Unit Apartment Building

■ Purchase Price $825,000

■ Down-payment = 25% = $206,250

■ Salary = Cap Rate x Purchase Price

■ Salary = 8.83% x 825,000

■ Salary = 72,847

Thanks!