Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What is the NOI, Net Cash Flow, Return on Equity and Loan Constant for a multifamily apartment building, given the following information? Number of Units:200

What is the NOI, Net Cash Flow, Return on Equity and Loan Constant for a multifamily apartment building, given the following information? Number of Units:200 1 Br.60 2 Br.100 3br.40 Average Base Rents: 1 Br.$850 per month 2 Br.$1,100 per month 3br.$1,300 per month Trash Recovery:$30 per month, per unit Utility Recovery:$110 per month, per unit Vacancy:5.5% Operating Expenses:40% of Effective Gross Income Concessions:1.0% Rents Written Off:1.5% Cap Rate:8.0% Loan to Value:75% Mortgage Interest Rate:5.75% Amortization:30 years Debt Service:Student Calculate NOI: Net Cash Flow: Return on Equity: Loan Constant

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting for Governmental and Nonprofit Entities

Authors: Jacqueline L. Reck, James E. Rooks, Suzanne Lowensohn, Daniel Neely

18th edition

1260190080, 1260190083, 978-1259917059

Students also viewed these Finance questions