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Updated about 7 years ago,
Who has the best deal of a 2 bed unit?
I am interested to see across the country who has the best deal for a 2 bed unit. I am talking about the purchase price and cap rate. The unit has to be updated and in a good area. I am not interested in cash flow in run down areas. The unit can be part of a multi, condo, single family. Looking for the lowest price with the highest cap rate for a unit in a top area that is modern.
I have a 135K purchase price for Mt Laurel NJ which I can rent at 1400 for around a 7/8 cap rate.