2. Look at attached flyer for 7579 Chrysler Dr, Detroit, Mi. Assume you have to invest $10,000 for each unit and that fixed and variable expenses are 40% and no vacancy. What must monthly income be to achieve 12% capitalization rate? El 7579 FEE CHRYSLER DRIVE Detroit 11 UNITS | 11 BATHROOMS 7,590 SQ FT 11 Units Just North Of Midtown Detroit. Endless Possibilities Partially Renovated 11 Unit Building 10+ Covered Parking Spots Gated Lot. Al Units Have Covered Exterior Space. Location is Everything Arts & Cultural Area New Construc- tion Neighborhood. Near WSU...Detroit Institute of Arts...Col- lege For Creative Studies...Detroit Medical Center...Detroit Sci- ence Center...Children's Hospital... Charles H Wright Museum New Construction All Around You Steps Away From Qline Baltimore Station. Additional Property Included. Milwaukee Junction. North End Midtown . Perfect For First Time Inves- tor $399,000. Call Jodee Gibson. MLS#217110003 Text R856452 to 52187 ELE PE 2. Look at attached flyer for 7579 Chrysler Dr, Detroit, Mi. Assume you have to invest $10,000 for each unit and that fixed and variable expenses are 40% and no vacancy. What must monthly income be to achieve 12% capitalization rate? El 7579 FEE CHRYSLER DRIVE Detroit 11 UNITS | 11 BATHROOMS 7,590 SQ FT 11 Units Just North Of Midtown Detroit. Endless Possibilities Partially Renovated 11 Unit Building 10+ Covered Parking Spots Gated Lot. Al Units Have Covered Exterior Space. Location is Everything Arts & Cultural Area New Construc- tion Neighborhood. Near WSU...Detroit Institute of Arts...Col- lege For Creative Studies...Detroit Medical Center...Detroit Sci- ence Center...Children's Hospital... Charles H Wright Museum New Construction All Around You Steps Away From Qline Baltimore Station. Additional Property Included. Milwaukee Junction. North End Midtown . Perfect For First Time Inves- tor $399,000. Call Jodee Gibson. MLS#217110003 Text R856452 to 52187 ELE PE