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Updated over 7 years ago,

Dave Morrow's profile image
Dave Morrow's profile image
Dave Morrow
  • Investor
  • from Tuscumbia, Alabama
  • Member since May 1, 2017
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Dave Morrow's profile image
Dave Morrow's profile image
Dave Morrow
  • Investor
  • from Tuscumbia, Alabama
  • Member since May 1, 2017
Connect
Dave Morrow
  • Investor
  • Tuscumbia, AL
0
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9
Posts
Buying & Selling Real Estate

CAP Rate. Trying to get it"

Dave Morrow
  • Investor
  • Tuscumbia, AL
Posted

If I buy a house  for 33k...already rents for $525 month-$6,250 annual income. No fix up required.  After  annual P & I, taxes, & insurance total cost of $3500. That's net $2750 / $33,000. I get 8.3% cap rate. Am I doing this correctly? 

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