This worksheet calculates the incremental return if the Apex property is renovated as illustrated in the chapter.
Question:
This worksheet calculates the incremental return if the Apex property is renovated as illustrated in the chapter. Suppose that the NOI after renovation is $54,000 instead of $56,000. How does this affect the after-tax incremental return of renovations with refinancing?
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Related Book For 
Real Estate Finance And Investments
ISBN: 9781264072941
17th Edition
Authors: William Brueggeman, Jeffrey Fisher
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