Rent

Rent will be based one fair market rent. There will be an appraisal rent which the difference of the two will be used for a tax write-off. This will help keep the apartment reasonable for the Section-8 tenant while also earning a modest profit for the owner. All units will be exclusive Section-8 or for any employees acquired.

With this in mind, the two Studios will cost $1,070 for a total of $2,140 per floor. The three 1BR apartments will be $1,160 each for a total of $3,480 per floor. The 2BR will be $1,410 per floor. Based on 100% occupancy, this will be a total of $196,840 per month.