Trying to calculate FMV

[Daryl Holtzclaw]

I have been presented with 2 properties with 576 units, with the price

To Be Determined by Market; Cash to Assumption of Existing Debt

, the properties consist of;

Total annual income of both properties; 4,088,316.00

Total annual expenses of both properties; 2,344,761.00

Total NOI for both properties; 1,743,555.00

The vacancy is about 3% for both.

One has an unpaid balance of 8,7205,06.00 with 4.13% interest rate and a monthly payment of 43,645.00

the other has a balance of 7,229,981.00 with a 3.87% interest rate and a monthly payment of 35,011.00

Is this a good deal or should I pass on it?

Any help I can receive on this would be greatly appreciated.

Thank You,

Daryl