Given the following information, calculate the following (assuming all increases in Revenue drops directly to the Net Operating Income:

Capacity: 100 units

Average Rent: $3900

Current Occupancy: 90 apartments

Projected Occupancy: 95 units

Cap Rate: 9%

Current occupancy percentage:

Monthly revenue increase from projected occupancy:

Projected occupancy percentage:

Multiple of the 9% cap rate (round to nearest whole number):

Value creation from current to projected occupancy on selling price:

Using the numbers above and changing the Average Rent to $4200 along with projected occupancy:

Total monthly revenue with projected occupancy:

Potential selling price of community with projected occupancy and increased average rent: