answer alm questions please

Problems 1. If the net income after all operating expenses but before capital recapture from a small apartment house is estimated to be $45,000. How much would an investor be willing to pay for the property if first mortgages are available for 75% the purchase price at 8.5% interest and owner's equity requires a 20% return. The remaining life of the building is 50 years. Use the income approach to estimate the value of this property. a. What is the capitalization rate adjusted for recapture? b. What is the estimated value? Problems 1. If the net income after all operating expenses but before capital recapture from a small apartment house is estimated to be $45,000. How much would an investor be willing to pay for the property if first mortgages are available for 75% the purchase price at 8.5% interest and owner's equity requires a 20% return. The remaining life of the building is 50 years. Use the income approach to estimate the value of this property. a. What is the capitalization rate adjusted for recapture? b. What is the estimated value