What cap rate can one expect?

At the above income and expense, this is a cap rate of about 11%.

With CAP rates in the large apt and office building space below 6%, I don't blame some large players for taking profits.  

I was wondering if anyone can share what the Avg market cap rate for Bergen County NJ multifamily homes.  

But it is a feature that isn't available on the app right now.

This was the only feature it had that was useful, that Zillow or Trulia did not have.  

The industry standard formula to evaluate a park is# of lots x caps x 12 months x expense factor x lot rent ($)I understand it is basic and we should consider the market and etc. 

Cap rates and property condition is a good place to start as well as the rent roll. 

As rates rise, cap rates and property values will tend to fall but of course there are lots of other factors that can impact and override those.  

Below are some more details with the rough numbers:12 (1 bed/1 bath unitsValue of Land:  ~$150KCost to Build:  ~$500KRent is expected to be $700-$750/unit ($8400-9000 month)Vacancy, management, expenses, CAPEX, etc:  ~$4100/monthNOI:  $4,300 to $4,900Monthly Note ($350K, 20 yr AM, 5%):  $2,309Monthly Profit:  ~ $2,000 to ~2,600Annual Profit:  ~$24K to ~31KValue of property (low end estimate on an 8% CAP:  $645K to $735K)Average CAP rate for new builds in local area is ~6% CAP.