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What is the PGI, EGI and NOI? 10b If the cap rate is 7% what is the estimate of value? Develop a pro forma Consider

What is the PGI, EGI and NOI? 10b If the cap rate is 7% what is the estimate of value? Develop a pro forma

Consider the following information.

Rent $500 per unit for a 50 unit apartment building

An average of 10 units are vacant for 3 months of the year (i.e. 30 x 500 in vacancy loss)

Utilities 3000

Maintenance 14000

Property taxes 4000

Insurance 10000

Advertising 2000

Management 5% of EGI

Annual reserve for replacement 6500

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