All Forum Posts by: Jim Kretsch

Both are right on. You need to develop a project specific pro forma then you can review using some standard ratios

what is the income potential?

 Both-- independent living for active seniors 55+. Resort like amenities. See www.citycenterapartmentsmn.com

37 one and two bedroom apartment homes, 55+, market rate. Tons of amenities located on edge of historic downtown within easy walk of shops, restaurants and offices. Infill project with tax increment financing. Ready to go, investors needed, 6.5% CAP

spend the money to meter each unit, put the utility account in the tenants name, reduce the rent accordingly

Which of the many metrics...Cap rate, Break even ratio, Cash on cash, IRR, etc....and at what values are the best to use ti determine a buy/not buy