The property is being offered at $924,000 which reflects a cap rate of 7.3%. A cash on cash return of greater than 10%, a leveraged return of greater than 19%, and a gross rent multiplier of greater than 10%. The cashflow presents an LTV ratio of 70% and Debt coverage ratio of 1.67%. It has an excellent rental history and is being marketed with gross rents including utilities, because the market segment it appeals to finds it easier to commit to leases at fixed costs. The property has had a recent roof replacement and has great accessibility for tenants being located on both West Falmouth highway and the bike path, with a bench situated along the bike path. This property abuts apx 7.75 acres of Town owned Land. Please inquire for interior photos.
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