Then I took that NOI and divided by the listing price of $189,900 to get a fudged CAP rate of 11.1%.With that CAP rate I used the actual stated current income produced by this property - $2800 to calculate present value.

Our two identical buildings and a third owned by Bob next door that is a fifth the size of the first two that produces $20,000 NOI at market.

Some brokerages will tell you sweet nothings because they know your sphere of influence will likely produce a couple of sales before a new agent peters out. 

I think what you all might have forgotten is that these brokers/agents are showing you the PROJECTED NOI/CASHFLOW.The company I work for, they get a financials for a shopping center from a broker and then we ask the landlord their actual financials produced from their SYSTEM.i have to make the comparison and to also create a proforma budget and compared that to the BROKER'S proforma.

Looking to analyze multi-family properties to buy and hold that produce $150+ in cash flow.

Members of American Quarter Horse Association, Texas and Southwestern Cattle Raisers Association, National Beef Council, Texas Alliance of Energy Producers, and the Texas Land and Mineral Owners Association.

I'm kind of in the same boat - Got a house I paid $60k on a few years ago, earning $1k/month in rent, market could produce $120k if I sold it, putting an extra $60k in my pocket.

You show both properties as having 3 income producing units each.

I am a member of a national Realtor referral company that works with top producers in all markets.

Between the two, that is an instant ROI for your contributed dollars that is not insignificant, and probably better than the actual ROI produced by most real estate investments.The investment options and management fees associated with most company 401k plans are a negative.