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Updated almost 8 years ago,
please help me figure cap rate
Here are the numbers--I'm not sure how to figure it out with vacancy and repairs--:
this is a triplex with good rental history... is it a good deal?
expenses:
yard, vac hall, snow, $ 730 per yr
electric landlord $ 400 yr
insurance yrly $ 2,500
taxes $3,500 yr
water/sewer $ 1.200 yr
mortgage loan $ 13,000 yr
property mgmt. $ 3,000 yr (approx.?)
total = $ 24,330
INCOME : 3 rents totaling $36,000 year if no vacancies.
THANK YOU !