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Updated almost 5 years ago,

User Stats

19
Posts
6
Votes
Carlos Castañon
  • Rental Property Investor
  • San Diego, CA
6
Votes |
19
Posts

Can't make numbers work for my first deal

Carlos Castañon
  • Rental Property Investor
  • San Diego, CA
Posted

Hi all... I've been analyzing a lot of deals from realtors and loopnet and I just can´t make numbers work. The price that comes out of my math is just to low that I don't know if I should even try to make an offer. 

My math is simple: 1) Gross Schedule Income - 7% vacancy - 50% Opex - loan payment = cash flow (I'm expecting 100 dollars per door) 

2) NOI (adjusted form realtor with the above criteria) / 8% cap rate (Florida market).

Appreciate your comments!

Best                        

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