4.) A 30 year old 50 unit apartment complex is for sale in Kennesaw, Ga for $3,000,000. Using the financials below what is the NOI, Cash Flow, Asking Cap Rate, Return on Equity, Debt Coverage Ratio, Loan to Value and Debt Coverage Ratio?

**If you want at least a 10% return on your investment how much would you pay for the complex? Is it a good deal for you?

#4) A 30-year-old 50 unit apartment complex is for sale in Kennesaw, GA for $3,000,000. Using the financials below what is the NOI, Cash Flow, Asking Cap Rate, Return on Equity, Debt Coverage Ratio, Loan to Value and Debt Coverage Ratio? If you want at least a 10% return on your investment how much would you pay for the complex? Is this a good deal for you? Show your work. Basic Financial Information: 50 units (#25/2-bedroom/ 1 Bath; #20/1 Bedroom/ 1 bath; #5/ Studio) Average Rent - $1,100/mt for 2 bedroom: 5750/ mt for 1 bedroom; Studio for $500/mt. Taxes - $35,000/ yr. Insurance - $7,500/ yr. General & Admin - 510,000 Amortization - $3,000/y. Vacancy/ Credit Loss - 10% Maintenance - $40,000/ yr. Pest Control - $2,500/yr. Payroll - $60,000/ yr. Capital Improvements - S35,000/ yr. Management - 3% of Effective Gross Landscape -$20,000/ yr. Depreciation - 515,000/yr. Other Income - $3,000/yr. Utilities - 535,000/ yr. Advertising - 58,000/yr Equity - 5750,000 Loan - 52,250,000 @ 7% Interest only 5 year balloon Debt Service $157,500/ year. $13,125/ month