Updated over 11 years ago on . Most recent reply
2 homes on 1 parcel
I just received a counter offer for a property with 2 homes on 1 parcel.... Of 221k ... 1 house is 3 bed 2 bath rents for $1250 mo. Second house is detached and rents for $ 900 month include garage....seller claims cap rate of 9... I'm Thinking 7, I don't see maintenance accounted for or much vacancy accounted for...thoughts?