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Updated over 10 years ago on . Most recent reply

Mike Rennhack's profile image
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Mike Rennhack
  • from Bothell, Washington
  • Member since Oct 15, 2013
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Mike Rennhack's profile image
Mike Rennhack's profile image
Mike Rennhack
  • from Bothell, Washington
  • Member since Oct 15, 2013
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Mike Rennhack
  • Bothell, WA
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Real Estate Deal Analysis & Advice

2 homes on 1 parcel

Mike Rennhack
  • Bothell, WA
Posted
I just received a counter offer for a property with 2 homes on 1 parcel.... Of 221k ... 1 house is 3 bed 2 bath rents for $1250 mo. Second house is detached and rents for $ 900 month include garage....seller claims cap rate of 9... I'm Thinking 7, I don't see maintenance accounted for or much vacancy accounted for...thoughts?
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