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Its all one question just in parts 41) Assume the following: 20 units rented at $1475.00 per month. There are no vacancies in the subject
Its all one question just in parts
41) Assume the following: 20 units rented at $1475.00 per month. There are no vacancies in the subject project. One unit is occupied by the manager's mother. Management expenses are 6% of gross annual rent. The Consumer Price Index is 1.25. Fixed expenses are 7% of gross annual income. Variable expenses are 8% of effective gross income. The market vacancy and collection rate is currently 4% . Reserves for Replacement are $11,000. The Cap Rate is .0875 generally What is the PGI? a) $290,900 b) $354,000 c) $312,000 d) $299,000 aday or dean 42) What is the EGI? a) $336,114 b) $338,220 c) $339,840 d) $335,444 How much are the variable expenses? a) $27,190 b) $26,200 c) $28,210 d) $32,114 PAR 0 bared on dd How much are the fixed expenses? a) $26,112 b) $22,310 204/ c) $24,780 d) $25,318 Equ ARA What is the value of the property? a) 3,245,690 b) $3,255,690 c) $3,250,128 d) $3,150,628 41) Assume the following: 20 units rented at $1475.00 per month. There are no vacancies in the subject project. One unit is occupied by the manager's mother. Management expenses are 6% of gross annual rent. The Consumer Price Index is 1.25. Fixed expenses are 7% of gross annual income. Variable expenses are 8% of effective gross income. The market vacancy and collection rate is currently 4% . Reserves for Replacement are $11,000. The Cap Rate is .0875 generally What is the PGI? a) $290,900 b) $354,000 c) $312,000 d) $299,000 aday or dean 42) What is the EGI? a) $336,114 b) $338,220 c) $339,840 d) $335,444 How much are the variable expenses? a) $27,190 b) $26,200 c) $28,210 d) $32,114 PAR 0 bared on dd How much are the fixed expenses? a) $26,112 b) $22,310 204/ c) $24,780 d) $25,318 Equ ARA What is the value of the property? a) 3,245,690 b) $3,255,690 c) $3,250,128 d) $3,150,628Step by Step Solution
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