Question
You are given the following information on an investment property. Units $13 Rent per Unit $675 Vacancy Allowance 6% Expenses 22.1% of net rental income
You are given the following information on an investment property.
Units $13
Rent per Unit $675
Vacancy Allowance 6%
Expenses 22.1% of net rental income
Cap Rate 5.06%
What is net operating income for this property?
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Essentials of Investments
Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
10th edition
77835425, 978-0077835422
