Posted by jim on September 23, 2004 at 20:40:23:
Divide the Net Operating Income by the purchase price. NOI is before any debt service so it is the rate of return you would get if you simply paid cash.
Posted by jim on September 23, 2004 at 20:40:23:
Divide the Net Operating Income by the purchase price. NOI is before any debt service so it is the rate of return you would get if you simply paid cash.