Hi
I am thinking of buying a fourplex for 164,000 the units are all rented with GI of 30,200, expences of 13,500 leaving the NOI of 16,700
I am trying to detrimen a fair asking price using the CAP rate { if I have it right from my reading}
NOI/sales price = CAP 16,700/164,000 = 10.18% CAP...