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Updated over 7 years ago,
5.4% CAP on an investment property in LA....NEED INVESTORS
Here are some of the financials for the property - My company wants to acquire this property but we need investors to solidify capital (DP/LOAN), how can I put a deal together, something that works for both the investors and our company?
Any advice? - NOI =$244,726 annual/12 = $20,393.33 per month
Summary Current Rents
Price $4,500,000) 16 units
Down Payment 26% or $1,170,000)
Current CAP5.4%
Year Built / Age 2016
Approx. Lot Size 8,893
Approx. Bldg SF11,790
Annualized Operating Data
Scheduled Gross Income $367,656)
Vacancy Rate Reserve ($11,030) 3.0%
Gross Operating Income $356,626)
Expenses ($111,900)-30.4%
Net Operating Income $244,726)