Tag
cap-rate
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What Makes a Good Multifamily Deal in 2026
A good 5-to-50-unit deal in 2026 needs a cap rate of 7-9% on actual rents, a 1.20x DSCR at current financing rates, and no environmental or structural deal-killers. When the math works, we close in 14 to 45 days.
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How much can I sell my apartment complex for?
In Kansas, apartment complexes sell for their NOI divided by a cap rate of 6.0 to 8.0 percent. On a 10-unit earning $56,000 in NOI, that is roughly $700,000 to $933,000. Condition and location set the cap rate applied.
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Cash-on-cash vs cap rate for multifamily investors
Cap rate measures a property's income relative to its price, ignoring financing. Cash-on-cash return measures what your dollars earn after debt service. Use cap rate to compare deals; use cash-on-cash to confirm your financing works.
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Wichita cap rates by neighborhood: what we pay in 2026
Cap rate targets in Wichita multifamily span 5.5% to 8.5% depending on submarket. Kallpa targets 6.0% to 8.0% going-in, with the highest caps in South and North Wichita where B/C class value-add deals concentrate.
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How to analyze a multifamily deal in Kansas
Analyzing a Kansas multifamily deal starts with recasting the T-12 to market expenses, not the seller's actuals. We target 7.5-8.5% cap in Wichita B/C class and walk when the gap exceeds 15%.
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How we underwrite a 5-to-50-unit multifamily deal in 30 minutes
When a seller calls about a property, we can usually tell whether there's a deal in 30 minutes. Address, unit count, current rents. The math is rent roll minus realistic vacancy minus true operating expenses minus capex reserve, divided by a market-appropriate cap rate. Brokers pad each line. We don't.