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Calculate Net Operating Income (NOI)using the following information: Type:Residential building PropertySize:250,000squarefeet Gross Rental Income:$20 per square foot Other Income:$100,000 Vacancy and Collection Loss:8%of potential gross

Calculate Net Operating Income (NOI)using the following information:

Type:Residential building

PropertySize:250,000squarefeet

Gross Rental Income:$20 per square foot

Other Income:$100,000

Vacancy and Collection Loss:8%of potential gross income

Property Taxes and Insurance:$500,000

Utilities and Maintenance:$802,000

Interest Expense:$400,000

Income Tax Rate:40%

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