Assume an apartment building contains 120 units. 50% are one-bedrooms that rent for $1000/month and 50%...

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Assume an apartment building contains 120 units. 50% are one-bedrooms that rent for $1000/month and 50%...

Assume an apartment building contains 120 units. 50% are one-bedrooms that rent for $1000/month and 50% are two-bedrooms that rent for $1,500 per month. Vacancy is 10% of total income. What is the effective gross income?

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Answer 1

Answer #1

Total units = 120 1- Bedroom = 60 units 2- Bedroom = 60 units • X 1000 f 60 x 15. Rental income at full occup any - 1800000 V

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Answer 2

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Assume an apartment building contains 120 units. 50% are one-bedrooms that rent for $1000/month and 50%...