would you invest with cap rate 8.22?

[Steve R.]

4 plex

list price $400k

fourplex : monthly total rent 900*4 = 3600

(appreciation stay the same for past 5 year)

• Capitalization Rate: 8.22

• Gross Annual Expenses: $10,700

• Gross Annual Income: $43,500

• Insurance Expense: $2,500

• Net Annual Income: $32,800