Ten year Project $120$ unit Apartment Complex Purchase Price $$3,055,600$ Holding $10$ Years Depreciation in years $30$ Land Value $\%$ of Price $25\%$ to Value $70\%$ Term of $20$ years to $2\%$ Interest $65\%$ Prepayment $1\%$ of the loan before $15$ years Investor Tax Rate$34\%$ Growth rate in rents $4\mathrm{.}5\%$ Vacancy Rate $13\%$ rate for $\%$ out Caprate Selling Costs $7\%$ of selling price Capital gains Rate$15$ Target Equity after Tax$12\%$ AVERAGE RENT Per TypeAverage of Units Studio Apartments $40040$ One bedroom Apartments$560050580030$ Two bedroom Apartments Annual Operating Expenses Management of effective gross income including Manager Annual Income