Can't make numbers work for my first deal

[Carlos Castañon]

Hi all... I've been analyzing a lot of deals from realtors and loopnet and I just can´t make numbers work. The price that comes out of my math is just to low that I don't know if I should even try to make an offer. 

My math is simple: 1) Gross Schedule Income - 7% vacancy - 50% Opex - loan payment = cash flow (I'm expecting 100 dollars per door) 

2) NOI (adjusted form realtor with the above criteria) / 8% cap rate (Florida market).

Appreciate your comments!

Best                        

[Erik W.]

MLS and Loopnet are where picked over deals go to investors who pay too much and excuse their purchases by sayings like, "It may not cash flow but in 30 years it will be paid off."

Very rarely I will find something on MLS. Never on Loopnet. Those are retail markets. Find off market deals.