Even if the expense and NOI are correct this property is overpriced. It will fail the bank test. That means if you went to the bank to buy this property and put down 30 percent with bank rates you would make no cash flow on the property. If you can structure 10 percent down and a minimum of 12 percent cash on cash return then it might be worth a shot. Keep in mind when you try to structure something on a property that is overpriced you still want to end up around 70 percent loan to value. However, you don't want to take your price. You want to take 70 percent of what you think this property is actually worth.

@Myran Fr I do apartments , storage, MHP and RVP, retail shopping centers, small industrial, medical office, student housing and sfr portfolios.