I think this would be a great feature to have.

Take the NOI and divide that by the asking/purchase price to get the Cap Rate.

@Johann Jells - Providing high speed internet can be a great feature for a rental. 

Details:$175k, 8 units, built 1966, $450 each unit rentassume 10% vacancy, 55% expenses, 4% interest rate, 25% down.Before raising the rents (basecase), I get 1.85% monthly rent to purchase price (2% rule)2.33 debt coverage ratio, 10 CAP, 21% cash on cash.All in all, not too bad.  

The best market throughout the US with the lowest active management costs, trending upwards for employment and population growth, low property taxes and insurance and high rent by ratio with high cap rate would have to be Jacksonville, FL. you can PM for more info

In a period of historically low cap rates.

@Lester Adams I'm looking to buy a multifamily property and can't seem to find many with cap rates above 8%.

Also if you have a new lease term but at a low cap rate in the 5's will require a larger down payment.The lender matches the down payment with appraised dark value if the tenant does not renew in the option so that the mortgage will be at or not higher than dark shell value of the building.There is a lot to the financing side of NNN and it can make or break a deal.

Adding to the appeal of the area is the development of Silverdale which has added a new shopping center that features Forever 21, Total Wines & More, & Chipotle; and renovating older shopping centers that have brought in notable stores like H&M and already hosting Kohl's, Macy's, and Barnes & Nobles.

Hello everyone,I'm considering to start investing in MemphisIt looks like there are a plenty of investment opportunities there of 20-40K rental properties with high ROI/Cap rateWhat should I take in consideration before starting investing?