Updated over 9 years ago on . Most recent reply
Commercial/Multifamily returns
I've been looking all over the place locally here. Everywhere seems to have a bait and switch return. Is this normal?
Example:
Price: $2.25mil
Cap Rate: 7.3%
Seems solid enough, but when I get actual details
Actual NOI: $104,767.18
Pro-Forma NOI: $163,363.99
It's be great to get actual pro-forma NOI but why would they estimate so much higher than actuals? Just to inflate sale price?