I easily believe it. Bodybuilding is basically his side gig. He owns a ton of properties. He is very smart with his money
A very good capitalization rate for a real estate portfolio that size would be 10%. $200k/month is $2.4m per annum, implying that he owns $24,000,000 worth of property.
Of course, cap rate doesn’t account for the cost of debt service. If we charitably assume an average interest rate of 4%, that would mean an effective ROI of 6% .. in other words, he would need to own $40,000,000 worth of real estate to net $2,4000,000 annually.
I don’t think Jay Cutler owns $40,000,000 worth of real estate. But hey, anything’s possible I suppose.