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Updated about 8 years ago on . Most recent reply

CAP Rate. Trying to get it"
If I buy a house for 33k...already rents for $525 month-$6,250 annual income. No fix up required. After annual P & I, taxes, & insurance total cost of $3500. That's net $2750 / $33,000. I get 8.3% cap rate. Am I doing this correctly?