A small apartment building was acquired 5 years ago for $200,000. It was 8 years\ old at the time of purchase and was financed with 75% mortgage made at 11%\ for 25 years. Buildings make up 80% of the property. The investor's tax rate is 28%\ (20% for capital gains tax). Current value of the property is estimated to be\ $250,000. Selling costs equal 6% of the selling price. First year's rents are 39,000\ and is expected to increase at annual rate of 4%. Operating expenses are\ projected to be 50% of Rents.\