You've got to negotiate a 350k discount based on the scenario above.  

While the 4.9% Cap Rate may not be high, it may be fitting for the risk/area.

(BizJournal)Today’s Interest Rate: 6.91%(👇 .18% from this time last week, 30-yr mortgage)Economic CheckupThe economy is looking strong, and we always want to strongest economy we can get right?

_r=0&abt=0002&abg=1Here’s my synopsis: We are all involved in real estate because we know how to, or we are trying to learn how to, generate a secure and attractive rate of return on our money.I regularly double or triple my money or more buying and selling vacant land.

Back in 2015/2016 you could find a 8% cap rate then in 2017/2018 it was a 7% and 2019/2020 it was 6% and the only reason it has been steady is because rents have seen increases along with pricesSo I tell my clients they have a few options:Buy now on cap rate and refi when rates go down. 

We have an in-house Hard Money Lender with many options and very competitive rates.

Outdoor space, including parking, living areas, and potential expansion, can enhance the property's appeal.Location should be considered, as properties closer to tourist attractions may command higher rental rates but may also come with higher purchase prices.

Even ballpark figures can guide me in the right direction.Referrals: If you've had positive experiences with contractors in Columbus who specialize in any of these areas, I would greatly appreciate your recommendations.Your insights and assistance will be invaluable.Hi Mohamed, I have worked with a lot of great contractors that charge reasonable rates and provide excellent service, and I would love to recommend them to you.

7% rate is WAY TOO LOW for the risk your Mom takes.

Inflation is worse than the govt portrays it and higher interest rates are bleeding away the money people spend on vacation.