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9. Your 15,000 square foot real estate investment is projected to have market rents of $12psf, 10% vacancy operating expenses equal 35% of EGI. Tenants

9. Your 15,000 square foot real estate investment is projected to have market rents of $12psf, 10% vacancy operating expenses equal 35% of EGI. Tenants pay reimbursement rent of $6psf. You will finance $1 million of the acquisition with a 15 year, 5% mortgage. Depreciation is $15,000/year. What is your BTCF? (Show all work)

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