11.2% cap rate, 52-unit portfolio in Ohio

[Ben Toth]

Off-Market Portfolio: $1,260,000

This is a private seller's single-family home portfolio of 52 homes in Ohio.

• The Occupancy Rate is 79% & with the current cap of 11.2%, there's plenty of room to grow the bottom line, getting the occupancy to 100%.
• The Gross Month Rent at 79% is $22,482.
• The Net Operating Income is $140,644.
• Based on this $140,644 NOI at 79% occupancy, pro-forma NOI at 100% occupancy should be $168K, CAP TO ~ 13.3%!
• Buyer pays 5% agent commission.