The property is in a populated location with a lot of traffic daily. Please let me know what you think.

Here are a few more details:

Asking Price – $40M (7%Cap)

NOI – $3,061,480 /yr

Cap Rate – 7%

The property has 71 rooms and brings in roughly $300,0000 per month after expenses.  

2018 – Profit 4,835,262.66

           NOI – 3,004,479.95

2019 – Profit 4,879,100.63

           NOI – 2,945,872.82

2020 – Profit 5,023,995.03

           NOI – 3,234,089.20