If the cap rate works.

Our cap rates are like 3-4%.

I could be wrong but my understanding is the cap is 36% at a year, not that it keeps going up to 108% ...

Is there a cap on them?

I purchased this property at a 9.7% cap rate.

Average in Ontario is $780)less $3000 for property managementless $4,500 for Repairs + CapEx ( 5% for repairs, 10% for CapEx)Leaving $18900 at the end of the yearCalculated Cash Flow $18900/YearLess  $11400 for mortgage costs ($947 a year)Leaving $7500 a year before taxes, or $625 in positive cash flow COC Return:7500/59,800 = 12.5%Cap Rate:7500/249000 = 3%Please let me know if I've analysed this property correctly, and what I've missed or could improve.

I'm on day 2 of my 45 day period to identify a replacement property.I've sold two residential properties in Boise, Idaho and I've got a 3rd that is under contract, for a total liquid cash amount of about $550k.I've also got the capability to sell more of my portfolio (about 2.5 million all cash.)Right now my overall goal is to reduce the headache and issues of dealing with property management companies who are constantly ripping me off and also just the hassle of having 13+ properties with pretty low cap rates.My goal is to just produce cash flow as I'm already kind of retired and I just want to focus on my online business, not constantly dealing with real estate.

Most important motivation for seller finance is tax on the cap gains.

As far as buying and holding the rent roll is decent and I’d break even every single month so not that great of a cap rate.

I'm looking for some input from locals who are familiar with apartment cap rates and can help scrutinize the deal for me.