Question
The building opposite your apartment has come available for sale and you estimate that it would generate a gross potential income of $350,000 per year
The building opposite your apartment has come available for sale and you estimate that it would generate a gross potential income of $350,000 per year along with operating costs of $300,000 per year. What is the NOI for this property if the vacancy rate is expected to be 12%?
| A) $8,000 | ||
| B) $50,000 | ||
| C) $80,000 | ||
| D) $80,888 |
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Financial Accounting Reporting And Analysis
Authors: Michael Diamond, James Stice, Earl K. Stice, James D. Stice
5th Edition
0538873019, 978-0538873017
