Good afternoon BP members. I have a deal I’m trying to evaluate to see if the numbers work. It’s on a mixed use duplex and Mobil home park. There are 4 duplexes and 4 pads. The mls description says that each apartment gets 850 a month for a total of 6800 a month and the pads each get 410 for a total of 1640. I would look more into these numbers but they seem reasonable for the area. The asking price is 600,000
You need to know the expenses and the applicable cap rate to know if its a good deal, Id start by estimating your costs and then figure out the projected NOI
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