Here it is with conservative assumptions (opex 60% of gross income, incl vacancy, maintenance, etc.).The cap rate is 4.8%, the CCR is 1.1%, the CCR incl. tax benefit is 17.5%, and the IRR is 24.4%.

I really don't even want to consider them since there is no cap on the amount that the insurance can be increased.  

This is one of my favorite features of Bigger Pockets especially for asking specific questions.

This is one of my favorite features of Bigger Pockets especially for asking specific questions.

highlight_post=1447958&page=1#p1447958sorry just figured out the link feature.  

I know small town rural facilities can be dangerous but like I said, this unit and all competitors are all full... not to mention if I raised rents to be closer to competition but still left them cheaper, that would increase the cap rate even more (14%+)!

This is one of my favorite features of Bigger Pockets especially for asking specific questions.

on one hand I feel there should be nothing in the garage but also felt it is a feature. 

This is one of my favorite features of Bigger Pockets especially for asking specific questions.

The property breaks down like this:We still owe about $55kNOI $15kApprox value @ 9% CAP $165kApprox. $110k in equity copmbined or $55k eachThat NOI is subtracting the mortgage payments.