Residential Apartment Building 138 units Apartment Breakdown Monthly Rent (36) Studios $ 750,00 (48) 1 Bedrooms 1,500.00 (42) 2 Bedrooms 2,200.00 (12) 3 Bedrooms 2,700,00 Closing Costs: Vacancy: 2.5% of Purchase Price 3% of Gross Potential Rent Loan Constant: 6.5% (Based on a 30 year amortization) Ordinary Income Tax Rate: 28% Capital Improvements: $213,000 Real Estate Taxes 187,000 Insurance 73,000 Annual Debt Service 1,337,213 Payroll and Payroll Taxes 185,000 Union Benefits 37,500 Utilities 78,000 Repairs 150,000 Supplies 30,000 Legal and Accounting 25,000