Considering a small apartment complex
I'm evaluating a deal on a very small apartment complex. It's a five unit and the gross rents are $3,025. The desired cash flow is $400 per month (maybe I'm too low here....what are your thoughts?).
The stated expenses per month are $1,051. But, in my analysis I still assumed 50% for the NOI because I intend to have a management company manage the complex.
What would pay? I came up with $155,000.