Not a very good time at all. A sub 8 minute lap is considered good but not exceptional. A 2008 BMW M3 ran an 8:05 a ZCP (Comp package) in 2012 ran a 7:58 although it isn’t recorded on Nurburgring times. This is a car that was on PS2s and with only 414hp. Now one caveat is it wasn’t a HP car with the Cup2s. That easily would have shaved 5-7 seconds off the lap.
If I recall a GT350R ran a sub 7:30 at the ring.