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I am having trouble applying the 10k investment into the problem Look at attached flyer for 7579 Chrysler Dr, Detroit, Mi. Assume you have to
I am having trouble applying the 10k investment into the problem
Look at attached flyer for 7579 Chrysler Dr, Detroit, Mi. 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? 7579 CHRYSLER DRIVE Detroit KITEE 11 UNITS | 11 BATHROOMS 7,590 SQ FT 11 Units Just North Of Midtown Detroit - Endless Possibilities. Partially Renovated 11 Unit Building 10+ Covered Parking Spots . Gated Lot . All Units Have Covered Exterior Space. Location Is Everything. Arts & Cultural Area . New Construc- tion Neighborhood. Near WSU...Detroit Institute Of Arts...Col- lege For Creative Studies...Detroit Medical Center...Detroit Sci- ence Center...Children's Hospital...Charles H Wright Museum New Construction All Around You Steps Away From Qline Baltimore Station - Additional Property Included. Milwaukee Junction - North End - Midtown . Perfect For First Time Inves- tor. $399,000. Call Jodee Gibson - MLS#217110003 Text R856452 to 52187 19 . WEB DEStep by Step Solution
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