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1. PGI is $100, Vacancy is 5%, Operating expenses and reserves are 42%. What is your NOI? 2. a. A house is made up of

1. PGI is $100, Vacancy is 5%, Operating expenses and reserves are 42%. What is your NOI?

2.

a. A house is made up of 2,000 SF of finished area over a 1,000 SF unfinished basement. Finished square feet cost $150, unfinished $50. Land Costs $40,000. How much does it cost the developer to build the house?

b. Say the same developer has 20% as his entrepreneurial incentive, what does she hope to sell the house for?

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