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Updated over 9 years ago,
Cap rate in Rochester, Pennsylvania ?
Hi,
Excellent forum, lots of great advice here !
Would very much appreciate some help evaluating an off market mom & pop portfolio, mix of SFR's and duplexes, in northeast Rochester, Pennsylvania. Asking price is $200k, gross annual income is $46k, with expenses that meet the 50% rule, making the cap rate about 11%. Please let me know if this is a good cap rate for this area. Thanks.