CAP Rate or Comps
Hello BP Community,
This question is for the savvy REI's out there. When determining what is a great investment, what is the best way to go about it?
here is an example of a property for sale in my area:
Duplex
809 N Hobson Ave, West Sacramento, CA 95605
Listing Price: $348,800
Current rents: $925
GAI: $22,200
What is the best way to determine the CAP rate? I like to use 8%. Just wondering how you guys do it?
Thanks