NOI / cap rate = sales price, and sales price x cap rate = NOI.

You're right, lots of depressed rental rates right now and I see cranes everywhere so that supply will likely hit in the next 12-18 months.

HOWEVER, you pay a higher rate to do that, you are obviously financing more which also increases your payment.

However, once we started the process interest rates skyrocketed so we paused, to see if they will come down a bit.

It's an inexpensive market, but don't fall for cheap opportunities that look good on paper and details left out concerning the location and the vacancy rate. 

I thought it would be valuable to kick off a discussion about the latest economic headlines and their impacts on our strategies.1️⃣ Interest Rates on the Move: With recent fluctuations in interest rates, how are you adjusting your financing strategies for acquisitions and holding properties?

Why I Love Student HousingRent Premium - Students will typically pay 40-50% more in rental income than market rate housing.

My hourly rate is very low, and I make most of my income from over time.

Asking 1M but I'm thinking 800-900K, thanks  ok, then that would work for 30 year fixed programs in that same rate range. 

Also wondering if LTV rate would change if we occupied one unit?