This asking price includes everything that you need for solid return on investment.
Cap rate – 7.95%
GRM - $19,250 mo.
NOI - $147,261.98
Rent is $550 per unit. Strong cash flow.
Price includes everything that you need to operate and manage this property for maximum return on investment.
Operational upside: The organic rent growth at the property is nearly 4%. The current owner is not focused on increasing rents, rather the focus has been on maintaining a high occupancy (99.1%). This proves that there is additional room for further growth by improving the operations at the property.