Dissapointment After Looking at T12

[Bruce Harding]

Asking price for 23 unit = $1,700,000

2016 NOI 66,966.00 Cap Rt. .039

2017 NOI 63,531.00 Cap Rt. .037

100% Occupancy typically

Sided and roofed last (pitch roof)  1996

Does not look good to me would you agree ?

Older property.  Would have to be inspected but Roof is old.  As is siding.

Have not physically looked at the building.

[Anthony Dooley]

@Bruce Harding You stated that your goal is cash flow. A C class property should provide cash flow. You will need $425K to put down on this deal. Based on what you have stated, your debt service is more than the NOI. May I suggest that this is not a good deal?