Purchase of an apartment complex as an investment

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Reference no: EM131583200

You are considering the purchase of an apartment complex as an investment. Selling prices is 1, 500,000. you expect to rent it for 25,000 a month. Taxes are 60,000 a year, maintenance is expected to average about 10,000 a month. Insurance is about 1, 750 a month. Your cap rate is 8%. Is this a good investment? f not, what cap rate would convince you to buy it? What is the complex worth to you at your 8% Cap ate?

Reference no: EM131583200

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