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2. Given the following: Number of Units 150 Vacancy Rate 5% Monthly Rent $1,000 Operating Expenses $800,000 Collection Loss 2% Debt Services $360,000 Calculate on

2. Given the following:

Number of Units 150

Vacancy Rate 5%

Monthly Rent $1,000

Operating Expenses $800,000

Collection Loss 2%

Debt Services $360,000

Calculate on an Annual Basis:

What is the Potential Gross Income?

What is the Effective Gross Income?

What is the Net Operating Income?

What is the Before Tax Cash Flow?

Utilizing a capitalization rate of 9.5%, what is the estimated value of the property?

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