Expense and gross rent income ratio?

[Charlotte Dunford]

What percentage of expense/gross rent income do you expect for a 40- unit apartment building, built in the 1960s, class C building? 40%, 50%?

[Kenneth Garrett]

@Charlotte Dunford

A typical standard is 50% until you underwrite the investment.  Most are at 50% plus or minus 5%.

Good Luck.