HavePropertiesMultiple PropertiesClassifieds8yFollow14.73% = the best cap rate in Detroit!Ben TothSpecialist · NY · Member since 2018 · 59 posts · 18 votesMy colleague and I are selling a package of 42 tenant-occupied homes in Detroit. The cap rate is exceptionally good! Gross Annual Income: $367,248Net Operating Income (approximate): $221,000At an asking price of $1.5M, cap rate is 14.73%!For Detroit, these are considered high-rent neighborhoods. Here's a link with the rent roll:https://www.dropbox.com/sh/kfhmc1yfgpvvfpz/AACjMsD...Agents say this all the time, but this deal truly will not last. Promise. :)0Reply7 views