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Updated over 3 years ago,
First Investment Property
Hello, Pls I your candid advice in making decision on my first investment Property. I have 3 options 2 of which i would have to buy cash
1) is a property selling for 32k. The cap rate is 12%. COC IS 12% and the Monthly cashflow would be $300
2) is a 4 1bd units selling for 62k. The cap rate is 13%, COC is 12% and cashflow is 600.
3) is a bigger property selling for 75k. cap rate is 9.2, COC IS 17% AND cashflow is 340. This i would have to finance @ 4.1 %.
Which one shd i go for. I plan on growing my rental porforlo.
Thank you