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 100unit 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.