Does Cap rate include Repairs?

[Account Closed]

Does cap rate include repairs,lender points,closing costs, etc?

Example:

NOL 15,158 ÷ 192,500(purchase price) = 7.87%

cap rate.

If my purchase price was 192,500

But i had to pay 8,000 in repairs

And closing costs then its 200,000?

15,158÷200,000

Or

15,158÷192,000