Rental Portfolio Evaluation - 24 SFR - $2MM asking price

[John Green]

Asking price - $2,000,000

Gross Rental Income = $199,800 (92% occupied)

NOI = $126,000

I'm getting to a MAX of $1,500,000.

Let me know your price! 

[Jaysen Medhurst]

We'll need to see all the numbers to offer any real guidance here, @John Green. Based on that NOI, the asking price reflects a 6.3% Cap Rate. Is that in line with prevalent cap rates for similar properties in your area? Your offer is 8.4%, that's a pretty big spread.