A 50-year-old 25 unit apartment complex in a transitional neighborhood is for sale in Atlanta for $1,200,000. 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 8% 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: 25 units (15 units are 2-bedroom/ 1 Bath; 10 units are 1-bedroom/1 bath)

Average Rent - $1,100/month for 2 bedroom; $750/ month for 1 bedroom

Taxes - $15,000/ yr.

Insurance - $5,000/ yr. General & Admin - $4,000

Amortization $2,000/ yr. Management 3% of AGI

Vacancy/ Credit Loss 15% Landscape $6,000/ yr.

Maintenance $18,000/ yr. Depreciation - $11,500/ yr.

Pest Control - $1,500/ yr. Other Income - $1,500/yr.

Payroll - $30,000/ yr. Utilities - $16,000/ yr.

Capital Improvements $12,000/ yr. Advertising - $3,500/ yr.

Equity (30%) $360,000

Loan (70%) - $840,000 @ 6%, Interest Only with 5-year balloon

Debt Service - $50,400 / year; $4,200 / month

Please show all detailed work!