Question
1.If a property had a $1,200,000 gross annual potential income, a 3% vacancy, located in a submarket with a 8% vacancy rate, total operating expenses
1.If a property had a $1,200,000 gross annual potential income, a 3% vacancy, located in a submarket with a 8% vacancy rate, total operating expenses of $600,000 a.what would be the cash flow used for underwriting a loan assuming projected average TI/LC costs are $60,000 annually? b.what would be the lender appraised value using a 6% cap rate?
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Auditing Information Systems
Authors: Jack J. Champlain
2nd Edition
0471281174, 978-0471281177
