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Updated about 14 years ago on . Most recent reply

User Stats

132
Posts
27
Votes
Mario J Perez
  • Investor
  • San Juan, Puerto Rico
27
Votes |
132
Posts

What should my offer be?

Mario J Perez
  • Investor
  • San Juan, Puerto Rico
Posted

What should my offer be? Here’s the info I have.

Mixed use 3 story building.

Asking Price: $380,000.00

6 Apt. units
3 Commercial units

Income: $72,300.00 Total Yearly Rent
Expenses: $8,500.00 Total Yearly Expenses

Assuming a 7.25% Loan for 20 yrs.
Yrl. Mtg. Pmt. = +/- $36,000.00

72,000 â€" 36,000 â€" 8,500 = $27,800 NOI

27,800/380000 = 7.32 CAP

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