Cash-on-Cash Return

Cash-on-Cash Return (CoC) is a financial metric used in real estate investment to evaluate the profitability of an investment property. It measures the annual pre-tax cash flow generated by an investment property as a percentage of the initial cash investment made by...

Certificate of Occupancy

A Certificate of Occupancy (CO) is an official document issued by local government authorities to verify that a building or property complies with zoning, building codes, and other regulations, and is safe for occupancy. It signifies that the property meets specific...

Common Area Maintenance

Common Area Maintenance (CAM) refers to the costs associated with maintaining and managing shared or common spaces within a multi-unit property, such as shopping centers, office buildings, or apartment complexes. These common areas typically include hallways, parking...

Condo vs. Apartment

Condos and apartments are both types of residential housing, however, they differ in ownership and rental structure. For instance, apartments are typically units within a rental complex owned by a single landlord or property management company, and tenants, in turn,...

Condo vs. Townhouse

Condos and townhouses are forms of residential housing, however, with a few key differences. For example, condos are individual units within a larger complex, typically owned by residents who share ownership of common areas and pay association fees for maintenance....