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Updated almost 7 years ago on . Most recent reply
Help me evaluate this deal. CAP 5.0
Folks
In Oakland by Lake Merit(1 mile), would you do this?
MultiUnit
LTV: 55%
CAP: 5.0
COC: 4%
The huge downpayment is scaring me. Rent controlled property and most of the units are at or near 15% of market. So rental upside is not super huge.
Please be gentle. Light on investment knowledge here.
AJ
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Think you might need to provide more details. What are the rents? Make up of the units? How many units? Price of the property, etc.