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

I recommend setting a utility cap in your lease.

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

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.

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.

They’ve already done all the hard work of finding good lenders (hopefully) so put on your networking cap and start making friends!