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Updated almost 6 years ago,
[Calc Review] Help me analyze this deal
I am looking at investing in my first multi-family property. I have a few questions, where can I find an accurate Cap Rate for any given area? Also, utilizing Rentometer, the current rent fees are low compared to the market. How do you go about increasing the rent with current tenants and do you risk vacancies in doing that? The only way this deal would make sense for me is if I could acquire the property below MLS asking price and increasing rents. Thanks in advanced!
*This link comes directly from our calculators, based on information input by the member who posted.