Rent growth at or below market historicals, sales price matching current comps/cap rate, etcThats a start.

What’s the CAP rate there for SFR and commercial?

I recommend setting a utility cap in your lease.

See attached Excel summary sheet.Investment Highlight89% Physically OccupiedSupply Index in a 3-mile radius of 6.8 SF/Capita, 5-mile radius of 7.7 SF/Capita, and 10-mile radius of 8.3 SF/CapitaAdditional Income generated from 4 mobile home lots and 1 mobile home (Not Verified, as thus not included in underwriting assumptions)Key Underwriting AssumptionsDown Payment 25% of Purchase PriceEstimating a CAPEX/Repairs cost of $150,000Estimating Operating Reserves of $10000Stabilized Vacancy and Concessions/loss to lease at 10%Using a cap rate of 7.23%Key Demographic DataTotal Square Footage 21,130 Supply Index: 6.3Population 3,338 1 Yr.

Steve - it sounds like the cap table for LLC B's operating agreement lists LLC A as the sole member.

I will not do anything for less then 20% net cap, cash purchase.

Cheap properties can work well if sec 8 them and take care of accounting for the large cap/ex item costs.

@Nick M.It's a 1960s property that's only going to get older, and possibly need more cap ex.

My initial analysis suggests a conservative offer in the range of $3.2M to $3.35M could be justified, factoring in current market cap rates and the property's upside potential.I'd appreciate any insights on:1.

I have spent the past few months analyzing properties in Davenport, just from the MLS, and it seems like there are great cap rates which we are optimizing for.