Analyze this....Part II

[Michael S.]

Here is another one. What selling price would make this a good deal?

Asking 350k 12 units
Scheduled Gross Income: $72,000
Vacancy (5%):$3600
Effective Gross Income: $68400
Maintenance: $7200
Taxes: $12,600
Insurance: $1,200
Other Expenses: $10,600
Total Expenses: $35,200
Net Operating Income: $36,800/12=3066.66

350k@8% for 20 years=$2,927.54
balance=139.12/12=11.59 per unit not stellar by any means, but in the black.