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Updated about 5 years ago on . Most recent reply

Norman T Eng's profile image
Norman T Eng's profile image
Norman T Eng
  • Member since Feb 6, 2020
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20
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Norman T Eng's profile image
Norman T Eng's profile image
Norman T Eng
  • Member since Feb 6, 2020
Connect
Norman T Eng
9
Votes |
20
Posts
Buying & Selling Real Estate

Is it a good buy? Property advice.

Norman T Eng
Posted

There is a property that I'm looking at in GA. It's 6 units. rents are between $650-700. They stated the cap rate is about 7% but I calculated 3%. NOI is about 25% of current monthly revenue. It's also recently been renovated. Is it a good buy?

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