Real Estate Principles 3rd Edition by David Ling,Wayne Archer

تمرين 21

Using the following information, compute net operating income ( NOI ) for the first year of operations. Use an "above-line" treatment of capital expenditures.
• Number of apartments: 10
• Rent per month per apartment: $900.00
• Expected vacancy and collection loss: 10 percent
• Annual maintenance: $18,000
• Property taxes: $9,000
• Property insurance: $7,000
• Management: $8,000
• Capital expenditures: $5,000
• Other operating expenses: $3,000
• Annual mortgage debt payments: $35,000