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Updated almost 5 years ago on . Most recent reply
Making money after debt services???
I'm interested to know how long term hold strategies work on multifamily. I've never done a large multifamily deal but when I do the math not sure how anyone can make any Money on a property doing a 6% CAP or less. I'm obviously missing something so if anyone can set me straight or recommend some reading I'd really benefit.
For instance:
10 unit Asking price: 1,000,000
NOI: 60k
Down payment: 250k
Reserves:50k
5.8% interest Loan:750k
P&I: 52.8k
Most Popular Reply
@Alex Olson thanks that is helpful