Tuscon, Arizona Price:  $2,970,600, Only $45,000/Unit! Price/Unit $45,000     GRM:  7.2     CAP Rate:  7.7% Rental Income $414,000     Less Vacancy Loss(10%) $41,400     Eff. Gross Income $372,600     Less Est. Expenses $145,200     Net Operating Income $218,520     Less Loan Payment (5.59%) $139,558     Cash Flow (8.8%) $87,842 TYPE NO. RENT 1/1 42 $450 3/1 24 $650 Totals $34,500 Price: $2,970,000     Down Payment : $1,012,047     Assume First Loan: $1,957,953 The property consists of 66 stucco/wood frame units in two, three-story buildings.  The property was built in 1994 and has been very well maintained.  The property operates with very low expenses due to excellent management.  Suncrest Apartments offers twenty-four, 3 bedroom units; rare for the Tucson area rental market.  These units are always in demand!  Amenities: Swimming Pool, Laundry Room, Playground