Given the following information calculate the propertys net operating income and before-tax cash flows

Number of units = 34

Monthly rent per unit = $1,250

Vacancy rate = 10percent

Depreciation = $60,000 per year

Annual operating expenses = $198,500

Annual Miscellaneous Income = $30,000

Annual Capital Expenditures = $40,000

Loan Amount = $3,400,000

Loan Terms = 30-year fully amortizing with monthly payments

Loan Interest Rate = 7.0%

Taxes Paid = $100,000