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Updated over 8 years ago,
Calculating NOI to arrive at Cap Rate
I'm reviewing the tax returns of the seller of a 32 unit C class property. Below are screenshots of the returns.
So to get NOI from this information, I should subtract Depreciation and Interest to get the actual expenses, correct?
Where do I find CAPEX on the tax returns? That should be added back in to determine NOI as well, correct?
Lindahl says Cap rate on a Class C property should be 10-11, so buying it at a lower Cap Rate is good, right?
I realize these aren't all the questions I need to know the answers to, but these are my first ones.