Finding the NOI with only the asking price & cap?

Finding the NOI with only the asking price & cap?

Rental Property Investor · Omaha, NE · Member since 2019 · 51 posts · 8 votes

Checking my thought/ figures on property.

Property is being sold for 2.6 million with a cap rate of 5 %. NNN property

Is my math right or what am I doing wrong to figure NOI? I came up with a 130,000 NOI.

Need help

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  • Los Angeles, CA · Member since 2021 · 5 posts · 4 votes
    5y

    Hi, I calculated the same thing. 130,000 (NOI) divided by 5% (cap rate) = 2,600,000 (selling price)

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