Single apartment investing

4 Replies

Thank you Daniel. 

Goals are to get started in REI. This unit is in my price range, renter in place, turn key. I see lots of SFR and multi-family 5+ unit investing but no single apartment unit investing. The numbers work out to a nearly 12% cap rate. Seems like a great deal. The again, Dean

Is this a condo? Typically you can't rent out a single apartment unit because of sublease clauses in your lease. A condo would be a different story though.

In any case, it seems like a great deal...have you accounted for maintenance, vacancy, property tax, insurance and management? (Keep in mind the numbers are not simply rent - debt.)