What should my offer be?

[Mario J Perez]

What should my offer be? Here’s the info I have.

Mixed use 3 story building.

Asking Price: $380,000.00

6 Apt. units
3 Commercial units

Income: $72,300.00 Total Yearly Rent
Expenses: $8,500.00 Total Yearly Expenses

Assuming a 7.25% Loan for 20 yrs.
Yrl. Mtg. Pmt. = +/- $36,000.00

72,000 â€" 36,000 â€" 8,500 = $27,800 NOI

27,800/380000 = 7.32 CAP