Determine the annual Net Operating Income (NOI) using the assumptions and facts for the following real estate
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Question:
Determine the annual Net Operating Income (NOI) using the assumptions and facts for the following real estate investment using the space provided below (15 Points):
54 units. Rent per unit is $2,550 per month. Vacancy and debt losses are 7%. Operating expenses are $810,000 per year. Debt service is $166,000, which includes $90,000 in interest. Depreciation expense is $72,000 per annum.
Using the information from question #1, determine the Taxable Income or Loss and the tax assuming a tax rate of 45% using the space provided below (10 Points):
Using the information from question #1 & 2, determine the After-Tax Cash Flow using the space provided below (10 Points.)
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