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Using the following information, compute net operating income NOI. Number of apartments: 10 Rent per month per apartment: $900.00 Expected vacancy and collection loss: 10
Using the following information, compute net operating income NOI.
Number of apartments: 10
Rent per month per apartment: $900.00
Expected vacancy and collection loss: 10 percent
Annual maintenance: $18,000
Property taxes: $9,000
Property insurance: $7,000
Management: $8,000
Capital expenditures: $5,000
Other operating expenses: $3,000
- A.
$17,200
- B.
$37,200
- C.
$47,200
- D.
$27,200
- E.
$57,200
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