Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Hello can someone help me solve those questions please [The information presented here applies to questions 12,13,14 & 15.] You are considering an investment in
Hello can someone help me solve those questions please
[The information presented here applies to questions 12,13,14 \& 15.] You are considering an investment in an apartment building in Montclair, NJ. The building has a total of 12 apartments; 8 one-bedroom units and 4 two-bedroom units. One-bedroom apartments for $2000 /month, twobedroom units for $3000/ month. What is the annual potential gross income for this property? Question 13 1 pts If the typical vacancy rate for this type of property in this area is 8% what is the effective gross income for this property? If the typical vacancy rate for this type of property in this area is 8% what is the effective gross income for this property? Question 14 1 pts If operating expenses are 55% of total operating income, what is NOI ? Question 14 If operating expenses are 55% of total operating income, what is NOI ? Question 15 What is the estimated value of the apartment building based on a 6\% capitalization rate Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started