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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

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?

Property is an 11 unit, 11 bathroom, 7590 sq ft. Purchase price: $399,000

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