Newark ,New Jersey .Help deal analysis

[Chai Sag]

What would be the real cap rate of this property (with estimated expenses)) and what would be the real value?

$390000 / 4000ft² - CAP RATE : 18% HIGH RENT ROLL*$7K*-(2)COMMERCIAL/(4)-3BR Building (ESSEX-Bellville-bloomfield)

25-27 BROADWAY

0BR 4000ft2 apartment

Mix-use Building for sale broadway/Bloomfield Ave Area 4 apartments & 2 Stores. All 4 residential units and 2 commercial units are on yearly lease. Each tenants are screened, no hassle tenants. Tenants pay for their own utilities. Both stores have been there for over 20 years both family owned businesses. Property has green card so everything is up to date and inspected. Certified for 5 years. Green card was issued this earlier this year.

Building Size: 4,000 SF
Family Lot Size: 0.12 AC

FINANCIAL SUMMARY:
Pet shop- $1,500
Chinese Rest.- $1,500
(4) 3Brd Apts- $4,000
TOTAL RENT: $7,000

Annual Gross Income-$84,000
Taxes- $12,000
Net Operating Income:$72,000

Capitalization rate: 18.46 %