Real Estate Investor & Entreprenuer · Atlanta/Athens, GA · Member since 2015 · 21 posts · 2 votes
All utilities Included, which skews this cap rate.
Duplex is being sold because it had 3 toilets constantly running which caused a massive water bill, of $21,000. This purchase contract is contingent upon proof of this water issue being fixed and utility company lien not attaching to the property.
Price is negotiable, please email or call me, David Dobbs at 770-842-1399 or [email protected]
Seeking $80,000 for 90% equity stake in the duplex. Must close this week
I am open to selling the entire deal as well, but I'd rather have 10% equity.
@David Dobbs The cap rate is NOT 57%. A cap rate is calculated off the NET income, after paying utilities, taxes, insurance, repairs, etc., Not the Gross potential income. This just comes off as either ignorance, or misrepresentation. So you know, the utilities don't "skew" the cap rate, they are simply one of the expenses considered.