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Updated over 6 years ago on . Most recent reply

Ajaya A.'s profile image
Ajaya A.'s profile image
Ajaya A.
  • from Oakland, California
  • Member since Oct 11, 2014
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Ajaya A.'s profile image
Ajaya A.'s profile image
Ajaya A.
  • from Oakland, California
  • Member since Oct 11, 2014
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Ajaya A.
  • Oakland, CA
3
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9
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Oakland Real Estate Forum

Help me evaluate this deal. CAP 5.0

Ajaya A.
  • Oakland, CA
Posted

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

Oakland, California
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Calvin Kwan's profile image
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Calvin Kwan
  • from Oakland, California
  • Member since Oct 3, 2015
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Calvin Kwan's profile image
Calvin Kwan
  • from Oakland, California
  • Member since Oct 3, 2015
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Calvin Kwan
  • Oakland, CA
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Calvin Kwan
  • Oakland, CA
Replied

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.

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