Have a look at the financials from the sale of this Fourplex Building that sold in May.
This property was not fire retrofitted, had a Net Income of $49,625, was listed at $1,350,000 and sold for $79,000 below the asking price.
Looking at the image above you can see that this building has a Cap Rate of 3.9%, with operating expense ratio of 30.4%.
With a 30% downpayment, representing $444,000, this property returns a cash flow of $2700 per year which is a return on investment of 0.61%.
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