@themultifamilyguy: How to calculate a $4.5M offer on an off-market apartment building in under 60 seconds. 🏢⏱️👇 Finding off-market deals isn't complicated when you can run quick "back-of-the-napkin" underwriting on the spot. Here is the exact math formula to find a property's value before calling the owner: Step 1: Calculate Gross Potential Income 24 units × $2,000/mo rent = $48,000/month Step 2: Factor in Vacancy (5%) $48,000 × 0.95 = $45,600/month in effective gross income Step 3: Estimate Operating Expenses (50% Ratio) $45,600 ÷ 2 = $22,800/month left over Step 4: Solve for Annual NOI (Net Operating Income) $22,800 × 12 months = $273,600/year NOI Step 5: Apply Market Cap Rate (6%) to Find Purchase Price $273,600 NOI ÷ 0.06 Cap Rate = $4,560,000 Estimated Value The Final Step: Look up the owner's record on the local county tax assessor website, pull their phone number via a quick skip-trace, and call them directly with your $4.5M offer. Save this math formula for your next off-market property drive! 🚘 Have you ever cold-called a property owner directly? Let me know in the comments! 👇 . . . #realestateinvesting #multifamily #commercialrealestate #offmarketdeals #underwriting

themultifamilyguy

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Monday 21 September 2026 17:07:15 GMT

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Comments

Beast_Marketing :

number are off, why would you only take into account for 5% unoccupied when banks have been doing this for a very long time rhoer experts at this game already. and they use 10% unoccupied rate.

2026-09-23 19:52:34

michaelramos8944 :

THANKS FOR SHOWING ME WHAT NOT TO DO BY PAYING 187,500 PER DOOR

2026-09-25 06:02:15

Vinnie Lavorgna :

How are you paying a 6cap when interest rates are at 7.

2026-09-21 20:29:51

Mike & Bo :

Awesome, love it little faster, way 1% rule same same 45,000 equals might be a offer

2026-09-21 18:55:49

johnken288 :

What if it needs 2 million in roof replacement and plumbing repiping? Don’t just go off net income you might be overpaying, use comparable sales - repairs = purchase price

2026-09-22 16:35:13

yardiebway :

again.. once sold..that assessment changes... property taxes goes up and u r left with less money every month, plus the potential for more vacancies and cost to evict means the 45k can't be relief upon your 22..5k won't pay the note either.. dream on

2026-09-21 21:24:53

Joseph Camerieri Realtor :

👍 great

2026-09-23 02:48:27

Daniel Roberts :

More than 60 seconds

2026-09-21 21:20:38

Man_in_Mongolia :

$4.5 million into an 8% etf or 12% etf will produce a lot more monthly with no headaches

2026-09-22 23:03:57

CravenMorehead :

too much money thats $210 a door unless its in a great state or city like Boston or Sanfrancisco

2026-09-22 19:13:43

Scar1 :

What states would you recommend to buy multifamily buildings, I'm assuming you're going to say Texas, Ohio & Kansas which other states would you recommend

2026-09-22 05:54:52

KeyserSoze :

6 cap on that..gtfo

2026-09-22 09:07:56

Veteranz healthy supplements :

😂😂😂

2026-09-21 20:54:42

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