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Updated almost 9 years ago on . Most recent reply

James Canavan's profile image
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James Canavan
  • Investor
  • from Orlando, Florida
  • Member since Jan 18, 2016
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James Canavan's profile image
James Canavan's profile image
James Canavan
  • Investor
  • from Orlando, Florida
  • Member since Jan 18, 2016
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James Canavan
  • Investor
  • Orlando, FL
4
Votes |
14
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General Real Estate Investing

Cap rate

James Canavan
  • Investor
  • Orlando, FL
Posted
Looking to buy my first rental property. I have an opportunity to get into a home that is currently renting for 950 per month. I figured that the cap rate would be 3%. Would this be a decent buy as a newbie investment? Btw...its in Central Florida. The price of the home is within my budget and in a good area.
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Dave Fields's profile image
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Dave Fields
  • from Smyrna, Georgia
  • Member since Feb 2, 2016
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Dave Fields
  • from Smyrna, Georgia
  • Member since Feb 2, 2016
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Dave Fields
  • Smyrna, GA
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Dave Fields
  • Smyrna, GA
Replied

This should be very helpful:

How I Analyze a Rental Property (in-depth video from Brandon!) on the BiggerPockets forums
http://www.biggerpockets.com/forums/88/topics/245686-how-i-analyze-a-rental-property-in-depth-video-from-brandon

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