1. You collect and average monthly rent of $1,104 per unit in a property with 26 units. You estimate vacancy to be 9.01%. What is your expected annual net rental income given these assumptions?

2.

You are considering the purchase of a property with the following information: . = Gross Annual Rents = $91,429 Vacancy Rate = 11.61% Net Operating Income = $51,827 Property Management Fee = 9.99% Purchase Price = $418,972 Monthly Mortgage Payment = $2,429.39 What is your annual expected cash flow from the property? Answer should be formatted as a dollar amount rounded to the nearest cent