We self manage te houses.What are you looking at doing?

Let's make this pretty easy...https://www.zillow.com/homedetails/5001-W-159th-Te...that home rents for 2,500 BUT... you're paying nearly 400k for it.

There's a lot of stable employment in the area such as several multi-billion dollar companies that have a presence in the area (Hershey, TE Connectivity, Phoenix Contact, Rite Aide, ) as well as many Federal jobs on top of all the state jobs that @Bill Goodland mentioned.

So before you buy a restaurant, you need to know enough about running a restaurant to be able to go over te figures and know if they are realistic and to recognize what is being left out of the expenses column.Restaurants are deeply affected by new restaurants in the area, changes in roads, bad management, bad press, and just plain fickle public.Restaurants in my area are having a very hard time with the very steep increases in the prices of their main ingredients.

Thanks again for te advice.

They do vary a bit depending on everything (schools, neighborhood, proximity to water, size/location of property and so on), but 12+2=14K are good starting points to do numbers on small multis.For cap rate,Cap Rate = ((TI-TE)/PP)*100Where TI = Total Income (yearly)TE=Total Expenses (yearly) PP=total Purchase Price including closing & financing costs That's for rough numbers.When I do detailed numbers, some parts are adjusted.

.: …*************************************************Also had someone put in an application with an obviously fake SSN/TIN (he wrote 999-99-9999).