Cap rate vs per door price?!?!?!

[Damian LaGrange]

Am I missing something?? Are deals just being considered based on per door price now? Hello all, I am struggling to analyze multifamily deals in my area. The cap rates seem to be inconsistent and not aligning with really anything...3% to 5% on older buildings with higher risk, not great tenants, in not great areas and not a lot of cash flow or even negative cash flow based on current listed price. When I run the numbers it just doesn't make sense if you consider a 75% LTV. The realtors seem to talking more about per door price in this area...they appear to be ignoring the cap rates and cashflow and really anything other than per door price. I am new to multifamily so please educate me. Cheers