Buying a 5 Plus Unit Apartment Building on the Treasure Coast or Space Coast
A building with five or more units is financed, taxed and insured differently from a duplex or a fourplex. This guide covers where the lending line falls, the agency and FHA programs for small apartment loans, how DSCR and LTV set the loan amount (with a worked example), Florida’s deposit and notice rules, the 10 percent assessment cap, Citizens eligibility, flood coverage limits and the Census rent figures for all four counties.
Cap Rates, NOI and Price Per Square Foot: How Commercial Property Is Valued in Florida
A cap rate is a shorthand for one sale, and it depends entirely on how the net operating income behind it was built. This post defines NOI, cap rates, price per square foot, DSCR and LTV, explains the three appraisal approaches and the Florida tax reset after a sale, and walks a hypothetical building through every step of the arithmetic. Local figures are brokerage estimates and are labeled as such.