Measures of invest performance at the ask price of $1,955,736 and average current rents of $828 per unit, per month, include a GRM of 9.84, 5.01% cap rate and an after tax internal rate of return of 18.5%.If rents are moved to 80% of area median income, and an average of $1,248, measures of investment performance improve to a cap rate of 9.35%, and a cash on cash of...
*OPTIMAL BLUE MORTGAGE MARKET INDICES - Calculated from actual locked rates with consumers across more than one-third of all mortgage transactions closed nationwide, OBMMI provides multiple mortgage pricing indices developed around the most popular mortgage products and specific borrower attributes and provides configurable trending of rates over time.
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