Which of the following is true? You don't need to know debt service to calculate cash flow You don't need to know depreciation to calculate income tax payable You don't need to know interest expense to calculate NOI You don't need to know property tax to calculate operating expenses Loan amortization means an installment plan required periodic payments that reduce the principal the consistent and periodic payment of interest due loan payments that always achieve a pay-off of the loan You are buying an investment property. It is November 15 th. You get the following information from the seller: He says he gets rent of $1,400 per month. Collected rent to date shows to be $15,000. Property tax was $1,000 and Insurance is $1,200. Utilities expense is $1,020. Interest expense is $4,400. Payment is $900/ month. Depreciation is $2,273. He replaced HVAC for $1,450.00. Maintenance expenses were $500.00 so far this year. (Used for 68 - 74). What is the Annual Gross Potential Income? $16,800.00 $18,327.00 $15,000.00 None of the above You are buying an investment property. It is November 15 th. You get the following information from the seller: He says he gets rent of $1,400 per month. Collected rent to date shows to be $15,000. Property tax was $1,000 and Insurance is $1,200. Utilities expense is $1,020. Interest expense is $4,400. Payment is $900 month. Depreciation is $2,273. He replaced HVAC for $1,450.00. Maintenance expenses were $500.00 so far this year. (Used for 68 - 74). What are the Total Operating Expenses? $3,858.00$3,220.00$4,568.00$6,018.00