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Determine the annual Net Operating Income (NOI) and the cash flow before taxes using the assumptions and facts for the following real estate investment: 40
- Determine the annual Net Operating Income (NOI) and the cash flow before taxes using the assumptions and facts for the following real estate investment:
- 40 Units
- Rent per unit is $1,500 per month
- Vacancy and debt losses are 5% of gross potential income
- Operating Expenses are $426,000 per year
- Debt service is 106,000, which includes $90,000 in interest
Depreciation expense is $46,000 per annum.
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Business and Administrative Communication
Authors: Kitty o. locker, Donna s. kienzler
10th edition
77830105, 978-0077830106, 978-0073403182
