Asking Price $1.5M
Year Built - 1983 Ft Worth, Tx
Gross Income - $93,360
Expenses - $26,285
Net Income - $62,360
Insurance - $4,715
Gross Income Multiplier - 16.07
Cap Rate - 4.16%
Each unit is 2 BA / 2 BR
Average Lease Rate - $1,000 (I believe this can be raised a little bit)
I think he's too high, but at what price for you would this deal become compelling?
from Rate This Deal (1) - 8 Unit Apartment Complex
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