I did some Research on your property. I haven't had a chance to drive by though.
My client is looking for a property as close to St. Josesph's as possible, this could work perfectly.
I see you acquired the home in 2004 and you live in Cali. Give me a call as soon as you can. 315-657-6181
The main factor an investor is interested in is what is the annual income the property will provide. This is figured by computing the Net Operating Income (NOI) divided by Property Value (V) giving you the Capitalization Rate (Cap Rate or R). Many investors are looking for a cap rate of 10-12.
NOI / V = R (Cap Rate)
Another way a prospective buyer might figure out what they are willing to pay is by taking the
NOI dividing it by the R ( Cap Rate ) which equals the V.
NOI / R = V
Syracuse Realty Group
what is the condition and finally what is the competition and other area sales. No quick answer here., but I would be glad to help.
Patricia McShane] Broker CRS, GRI,
MC SHANE REAL ESTATE INC
David Manzano jr.
Hunt real estate ERA