Return on apartment unit cap ex

[Arn Cenedella]

I would like input on the following question:

As an apartment investor, if you were to spend $5,000 on upgrading an apartment unit.....

How much of a rent increase is needed to provide your required return on investment of Cap Ex?

In case it matters in the analysis, assume market rent is say $900 to $1000 a month.

I am very interested to see what people think.

Thanks in advance.