You are a real estate investor that has an interest in purchasing a multifamily property in Atlanta, Georgia. You received the offering brochure and you discovered that this is a 100 unit apartment complex near the Grove Park. In using your analytical skills, including your ability to analyze this market, perform a Before Tax/No Financing Analysis on this apartment complex. The market information is as follows: 26. Rents are $900 per month and will increase at a rate of 3% per year. 27. Vacancy rates are 5% 28. There is laundry income in year 1 in the amount of $1,600 and will continue to increase at a rate of 2% per year. 29. Operating expenses are estimated to be approximately 44% of collected income. 30. Sales price should be calculated using Year 6 NOI capped at 5% 31. Cost of sale is 5% Using the worksheet on the below conduct a Before Tax No Financing Analysis and answer the following questions: Cash Flow Analysis Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Potential Rental Income Vacancy & Credit Losses Effective Rental Income Other Income Gross Operating Income Operating Expenses Net Operating Income 32. What is year three potential rental income? 33. What is year four other income? 34. What is year six net operating income? 35. What is the projected sales price? 36. What is the cost of sale? You are a real estate investor that has an interest in purchasing a multifamily property in Atlanta, Georgia. You received the offering brochure and you discovered that this is a 100 unit apartment complex near the Grove Park. In using your analytical skills, including your ability to analyze this market, perform a Before Tax/No Financing Analysis on this apartment complex. The market information is as follows: 26. Rents are $900 per month and will increase at a rate of 3% per year. 27. Vacancy rates are 5% 28. There is laundry income in year 1 in the amount of $1,600 and will continue to increase at a rate of 2% per year. 29. Operating expenses are estimated to be approximately 44% of collected income. 30. Sales price should be calculated using Year 6 NOI capped at 5% 31. Cost of sale is 5% Using the worksheet on the below conduct a Before Tax No Financing Analysis and answer the following questions: Cash Flow Analysis Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Potential Rental Income Vacancy & Credit Losses Effective Rental Income Other Income Gross Operating Income Operating Expenses Net Operating Income 32. What is year three potential rental income? 33. What is year four other income? 34. What is year six net operating income? 35. What is the projected sales price? 36. What is the cost of sale