You are getting ready to buy a 25-year-old apartment complex If you want a 7% return on your investment what would you pay for the complex? Using the financials below what is the Gross Potential Income, Adjusted Gross Income, Total Expenses, NOI, Cash Flow, Loan to Value, and Debt Coverage Ratio. Answer all the same questions except you must have a 10% return? Show your work.

You are getting ready to buy a 25-year-old apartment complex If you want a 7% return on your investment what would you pay for the complex? Using the financials below what is the Gross Potential Income, Adjusted Gross Income, Total Expenses, NOI, Cash Flow, Loan to Value, and Debt Coverage Ratio. Answer all the same questions except you must have a 10% return? Show your work.

You are getting ready to buy a 25-year-old apartment complex If you want a 7% return on your investment what would you pay for the complex? Using the financials below what is the Gross Potential Income, Adjusted Gross Income, Total Expenses, NOI, Cash Flow, Loan to Value, and Debt Coverage Ratio. Answer all the same questions except you must have a 10% return? Show your work.

Basic Information:

100 units Built - 1994

Average Rent - $950/ unit/ mt. Taxes - $95,000/ yr.

Insurance - $25,000/ yr Debt Service $35,000

Amortization $3,000/ yr. Management 5% of AGI

Vacancy 7% Landscape $30,000/ yr.

Maintenance $120,000/ yr. Depreciation - $60,000

Pest Control - $4,000/ yr. Other Income - $5,000/yr.

Payroll - $125,000 Utilities - $18,000/ yr.

General & Admin - $40,000

Loan: $4,000,000 @ 6% interest only for 5 years ($240,000 annual payment