Bringing the gross rental income to $5,800 - $7,500 a month before expenses and cap x.

His profitability with the current properties has capped & he wants to get out before things hit the downturn.

Also, one of the homes can be raised from $1,850 to $2,300 when new owner takes possession. 3 Family House6750003 3 Bedroom ApartmentsApartment 12,205.00$Apartment 2 HUD2,300.00$Apartment 3 HUD1,850.00$Total Rent Expected6,355.00$76,260.00$ExpensesSchool Tax 23-243,460.68$Town and County 20242,222.30$Insurance3,035.51$Lawn & Plow2,400.00$Repairs and Maintenance Furnaces1,231.20$Total known expenses12,349.69$NOI63,910.31$Cap Rate9.47%

Hello,Could anyone share their experience in investing in a new construction single family home or duplex at below cities as far CAP rate, cash flow, rental income etc:1.

Seller contributions are capped by lenders.

I know you Run you’re independent numbers but how far off are they with there cap rates? 

I understand that Cap Rates are not a set number in an area/property, and they depend on many factors. 

Having them rent for a 4th year (assuming you lived in it immediately before for 2+ years) will put the increase in property value into cap gains. 

However, I did not do enough due diligence for myself understanding they only had 2 year rate caps and floating rate debt. 

Currently, Syracuse multi-family properties are yielding a 10 cap rate, indicating a strong investment opportunity, while in Binghamton, large multi-family listings average at or below a 7 cap rate.