Question

Using the following information, determine the net operating income (NOI) for the first year of operations of the subject property assuming below-line treatment of capital expenditures.


Subject Property
Number of apartments 15
Market Rent (per month) 1000
Vacancy and Collection Losses 10% of PGI
Operating Expenses 5% of EGI
Capital Expenditures 10% of EGI

A. $135,000

B. $137,700

C. $153,900

D.$162,000

Answer

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