Buy and Hold Multi Apartment Deal Analysis

[Long Khang]

What do you think about this deal???

what is this properties value 1.5M???

The properties is class C and neighborhood class B

Total building square footage: 48,513 sq ft,  built  in 1947

Listing Price	$1,800,582.5	0.095
OPERATE INCOME	Annual	%
RENTAL UNIT INCOME	$363,504	0.05
Vacancy 5%	$18,175
GROSS OPERATING INCOME	$345,329
OPERATING EXPENSES
Advertisin	$272
Trash Removal	$1,320
Management 8%	$29,080.32	0.08
Supply	$16,611
Landscaping/Snow Removal	$1,866
Replace/Repairs/Supplies/Maintenance %	$30,825.14	0.0848
Water/Sewer	$19,214
Utility House Gas/Electric	$10,924
Real Estate Taxes	$54,100
Insurance	$10,061
TOTAL EXPENSES	$174,273
NET OPERATING INCOME	$171,055
LOAN WITH 20% DOWN	$360,000	$1,800,000
DEBT SERVICE (1)	($97,524.99)	0.2
DSCR	$1.75
CASH FLOW	$73,531
CASH ON CASH RETURN	20%

I add 5% for Capital expenditure

and vacancy rate to 10%, now the Price about 1.5M

VALUE	$1,494,473.9	0.095
OPERATE INCOME	Annual	%
RENTAL UNIT INCOME	$363,504	0.08
Vacancy 10%	$29,080
GROSS OPERATING INCOME	$334,424
OPERATING EXPENSES
Advertising	$272
Trash Removal	$1,320
Management 8%	$29,080.32	0.08
Supply	$16,611
Landscaping/Snow Removal	$1,866
Cleaning/Maintenance
Repairs/Supplies/Maintenance %	$30,825.14	0.0848
Water/Sewer	$19,214
Utility House Gas/Electric	$10,924
Real Estate Taxes	$54,100
Insurance	$10,061
Reserves/Replacement 5%	$18,175	0.05
TOTAL EXPENSES	$192,449
NET OPERATING INCOME	$141,975
LOAN WITH 20% DOWN	$300,000	$1,500,000
DEBT SERVICE (1)	($81,270.82)	0.2
DSCR	$1.75
CASH FLOW	$60,705
CASH ON CASH RETURN	20%

Thanks

Long Khang