Question
Given the following information, what is the annual net operating income? [round to nearest $] Property: 5 units CAPX: $500 per unit per month Vacancy
Given the following information, what is the annual net operating income? [round to nearest $]
Property: 5 units
CAPX: $500 per unit per month
Vacancy and collection losses: 12%
Contract rents per unit: $5,500 per month
Operating expense ratio: 35%
Miscellaneous income: $100 per unit per month
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Essentials Of Managerial Finance
Authors: Scott Besley, Eugene F. Brigham
13th Edition
0324258755, 9780324258752
