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Need help checking my answer and undertsnaidng the work. You are given $300,000 by a private investor. Discuss theBreakeven point, Feasibility of the project, and

Need help checking my answer and undertsnaidng the work. You are given $300,000 by a private investor. Discuss theBreakeven point, Feasibility of the project, and expected Rate of on a 10 Unit Apartment Building Offered at $950,000 at a cap rate of 6.20%
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PROPERTY FACTS Price Price Per Unit Sale Type Cap Rate Sale Conditions Gross Rent Multiplier No. Units $950,000 $95,000 Investment 6.20% 1031 Exchange 9.29 Apartment Style Low Rise Building Class Lot Size 0.14 AC Building Size 5,154 SF Average Occupancy 100% No. Stories 2 Year Built/Renovated 1942/2006 Parking Ratio 3.58/1,000 SF Opportunity Zone 10 Property Type Property Subtype Multifamily Apartment Yes UNIT MIX INFORMATION DESCRIPTION NO. UNITS AVG. RENT/MO SF 0+1 4 1+1 5 $787.50 $875.00 $900.00 2+1 1 1 FINANCIAL SUMMARY (ACTUAL - 2019) ANNUAL ANNUAL PER SF $102,240 $19.84 $19.84 Gross Rental Income Other Income Vacancy Loss Effective Gross Income Taxes Operating Expenses Total Expenses Net Operating Income $2.76 $102,240 $14,250 $24,009 $38,259 $4.66 $7.42 $63,981 $12.41

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