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Note For Sell 35% Cap Rate

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Posted By:
Lionel
Posting ID:
3965n5915
Location:
Miami
Telephone:
Tags:
 units   cap   rate   note 
Price:$200,000
Listing Type:Condo For Sale
Bedrooms:9+
Bathrooms:7+
Address:
535 Nw 7th St
Miami, FL 33136

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535 NW 7th Street, Miami, FL

# units 18
Unit mix 1 bed/1bath
Market Rents 800/mo

Gross Rent Income 172,800
Vacancy at 20% 34,560
Net Rent Income 138,240

50% Expenses 69,120
Net Operating Income 69,120

Purchase Price of Note 200,000
Cap Rate 35%

We market NOTES and notes ONLY. We will NEVER have rent rolls, expense, P&L, etc. Think of us like a bank. When a bank foreclose on a property and relist it as an REO, do they have any of this info? NO! This is not a commercial listing for sale. What we WILL have is pay history and usually a BPO when we can get it from the bank. The rest of the due diligence is your responsibility.
We sell notes. The ONLY way to buy notes from lenders is CASH ONLY, so there are no financing options

Lionel Hilton
Inverse Investments, LLC
Portfolio Manager
661.816.9217
Fax 866.593.5688

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