Updated almost 12 years ago on . Most recent reply
Cash-on-Cash Return
What is minimum COC return for a decision making?
Condo:
Purchase Price: 190K
25% down+Closing= 52K
Mortgate: 700*12=8400
Expense: 600*12=7200
Rental Income=1600*12=19200
NOI=3600
COC=3,600/52,000=6.92%
Is this a good buy?
In Achorage, AK, 190K condo rent for $1600/mon, 250K condo rent for $1900/mon. It's hard to find COC >12% deal. Am I right?