Have a look at the breakdown of the numbers on the sale of this 4 unit income property, with 35% downpayment.
This building was fire retrofit and sold for just under the asking price.
To buy this building with 35% down meant this buyer had to drop $483,000 as their downpayment. The purchase price represented 20 times the gross income or 30 times the net income.
With a mortgage of 897,ooo and monthly payments of $3,800, this buyer still sees a very small positive cashflow of $370 which gives them a 0,08% return on their investment. The Cap Rate here was 3.3%.
Have a look at the current inventory of Income Properties for sale
The image below shows you the full financials at a glance.