Pricing for a 200 unit complex?

[Landon Belk]

How much can I expect to pay for a 200 unit apartment complex? I understand that it depends on the market you are investing in but does anyone have a rough estimate? And how much would you expect in cash flow per year after making payments on the loan? Brand new to real estate and just looking at possibilities of investment goals many years down the road.

[Sam Grooms]

That's like asking how much to buy a house. You'd need to know the market, how nice of a product (Class A vs Class D), how much SF per unit, etc.

To give you actual numbers, you can buy at $50k per unit, and all the way up to $200k+ per unit.