�� Step 4: Cash-on-Cash (if financed)
If you finance, your actual return could be higher depending on leverage.
For example:
25% down = ~$1.42M
If NOI stays at ~$580K and loan payments are reasonable, cash-on-cash could
be 15–20%+, depending on interest rate and amortization.
�� Summary:
Metric Value Notes Purchase Price $5,695,00
0 20 properties Gross Income $624,600 Before expenses NOI $580,752 After taxes & HOA Cap Rate 10.2% Excellent GRM 9.1 Solid Taxes + HOA % of Income 7% Reasonable
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