Solution: $153,900
Working:
PGI (15 * 1000 * 12) | 180,000 |
Minus: Vacancy (10% * 180,000) | 18,000 |
EGI | 162,000 |
Minus: Operating expenses (5% * 162,000) | 8,100 |
NOI | 153,900 |
32. Using the following information, determine the net operating income (NOI) for the first year of...
Using the following information, determine the net operating income (NOI) for the first year of operations of the subject property using "above-line" treatment of capital expenditures. Number of units:30 Market rent per unit per month: $1,000 Miscelaneous Income per year: $5,000 V&C Loss: 10% of PGI Operating Expenses: 20% of EGI CAPX: 10% of EGI $229.000 $245,800 5230.300 $302.500
Given the following information, calculate the net operating income assuming below-line treatment of capital expenditures: Property: 10 office units, Contract rents per unit: $2,500 per month; Vacancy and collection losses: 10%; Operating expenses: $52,000; Capital expenditures: 15%. Can you teach me how to do this on excel?
#1 MULTIPLE CHOICE (no need to show work but please get right) 1. A property has a net operating income of $25,000 and the capitalization rate used in the market is 10%. What is the indicated value? a) $250,000 b) $300,000 c) $325,000 d) $2,500,000 2. A property sold for $555,000. The buyer anticipated that the potential gross income (PGI) would be $93,000, the vacancy would be 5%, and expenses would be 35% of the effective gross income (EGI) in...
You want to purchase an office building in Brooklyn. The property contains 27,500 square feet of rentable space and is currently occupied by multiple tenants each with differing maturities on their respective leases. No lease is currently shorter than 1 year. The annual rent in the 1st year of ownership is $42.50/sq ft. The vacancy rate is 6.5%. You expect to incur collection losses (from tenant default)on 1.5% of the square feet during your first year. 1. What is the...
Use the following to answer questions 1-5: A local 20,000 square foot retail building is 100% occupied by a single tenant. The lease started last week and continues for 10 years. The rent is $7.00 per square foot per year. The landlord pays all the expenses associated with the building. The expenses total $2.00 per square foot per year, and we have determined that they are market-oriented. From a market survey, it is our opinion that 5% is a reasonable...
Use the information provided below to estimate the market value of the office building that has been described. Type of Property: Office Building Leasable Space: 100,000 square feet Average Rent: $20.00 per square foot per year Expected Rent Growth: 4.50% per year Vacancy and Collection Losses: 15.00% of potential gross income Other Income: $1.50 per square foot per year Expected Growth in Other Income: 3.00% per year Operating Expenses: 27.50% of effective gross income Capital Expenditures: 2.50% of effective gross...
Use the information provided below to estimate the market value of the office building that has been described. Type of Property: Office Building Leasable Space: 100,000 square feet Average Rent: $20.00 per square foot per year Expected Rent Growth: 4.50% per year Vacancy and Collection Losses: 15.00% of potential gross income Other Income: $1.50 per square foot per year Expected Growth in Other Income: 3.00% per year Operating Expenses: 27.50% of effective gross income Capital Expenditures: 2.50% of effective gross...
I need help answering these two questions by Friday this week please! Use the information provided below to estimate the market value of the office building that has been described. Type of Property: Office Building Leasable Space: 75,000 square feet Average Rent: $20 per square foot per year Expected Rent Growth: 3% per year Vacancy and Collection Losses: 10% of potential gross income Other Income: $1.25 per square foot per year Expected Growth in Other Income: 3% per year Operating...
17. Use the comparable sales above to reconstruct an operating statement for a bove to reconstruct an operating statement for a similar apartment complex containing 40 two-bedroom units, cach renting $450 a month. soittal RECONSTRUCTED OPERATING STATEMENT 0000082 000,02 Potential Gross Income 008.12 001,22 Less: Vacancy in 2011 MD balio Effective Gross Income % Less: Operating Expenses noduliniabiano Sol se sen tidorm MD origa. om uge. 1210 Net Operating Income 10 Tleine the PGIM's calculated in Problem #16 and the...