Price Per Unit

[James Syed]

Hi everyone,

If the rental income is 500 per unit per month, what should be price per unit? All utilities are paid by the tenants except trash and lawn care. Assuming C building, B area and under 24 units.

[Ned Carey]

I would concur I would want to be in for 25-30 a unit. Using the 50% rule for expenses that is a 10 cap rate @ 30K a unit.