ffice Update To keep up-to-date with security updates, fixes, and improvements, choose Check for Updates. xvfx A B C D E F G Version Part A Do-Over Part A- Unlevered 1401 Mineral Road is a two-story, three-unit building in a desirable urban neighborhood near a large university campus that you are entertaining purchasing and holding as a long-term investment. It is currently listed for $390,000 or $130,000 per unit. The first floor contains a 2BR/1BA unit rented for $1,450 per month. The second floor contains two 1BR/1BA units. The front unit has a private balcony and is rented for $1,150 per month, and the other unit is rented for $1,100 per month. The seller's representative provided you with historical income data suggesting that the seller has collected about $35 per month from each tenant in the form of late fees, pet fees, and laundry income. The property also has a detached garage accessible from the alley that one of the tenants currently rents for an additional $50 per month. A local property manager you met at the wedding of a mutual friend who manages several buildings in this neighborhood told you that the rentals rates at the building appear reasonable and that vacancy rates have historically hovered around 5.00% with some seasonable variability around the beginning and end of the fall semester. Historically, rents have increased by about 5% per year, while other income tends to remain flat, increasing maybe 1% per year. As a back-of-the- envelope measure, operating expenses in this market typically run at about 35% of effective gross income. Part A Questions A1 What is the EGI in year 1? A2 What effective gross income multiplier does this imply based on the list price for the property? 13 What is the NOL in vear 12 Pa ady Project Sheet1 WC Sheet2 Sheet3 12 + 20 1 000 Sak T MacBook Pro 44