Asking Price: 259000, the most I would offer is 249,000
Downpayment required, 25% conventional: 62,250
Interest+principal, @4.5%: 946.23
Taxes, verified: 3000/yr,250/mo
Insurance, verified: 1700/yr, 142/mo
Rental Inc...
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How do I figure out a Cap Rate on a vacant multi family considering it doesn’t have any income at that moment, but could rent out 750 a unit and it has 7 units?
Hey all,
I'm going to try and keep this quick. I'm 24 and a first time home buyer that is set to close in a week. I'm not too experienced on this stuff, but I have educated myself along the way.
I'm working with a m...