Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

calculate the Real Estate NOI Calculate the Real Estate NOI using the following information: Rents are $8800 per month Vacancy rate of 4.250% Utilities are

calculate the Real Estate NOI
image text in transcribed
Calculate the Real Estate NOI using the following information: Rents are $8800 per month Vacancy rate of 4.250% Utilities are $325 per month Management fees are 6.00% of gross rents Legal and accounting fees are $1,800 per year Insurance fees are $1,750 per year Janitorial, maintenance and supplies are $500 per month Mortgage payment is $1,200 per month, principal and interest Property taxes are $250 per month Earnings before Taxes (EBT) Income Taxes are 21% of EBT

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Public Finance An International Perspective

Authors: Joshua E. Greene

1st Edition

9814365041, 978-9814365048

More Books

Students also viewed these Finance questions

Question

Explain the process of MBO

Answered: 1 week ago