Homework Answers
Potential Gross Income = 40*450*12 = 18000*12 = 216000
it is comparable to third option:
Personal Gross Income 216,000
Less: Vacancy 10,800 5%
--------------------------------------------
Effective Gross Income 205,200
Less: Operating Exp 71,820 35%
---------------------------------------------
Net Operating Income 133,380
2. PGIMs(calc in 16) = 7.31,6.06,6.73
PGI(calc in 17) = 216,000
property value :
216000*7.31 = 1,578,960
216000*6.06 = 1,308,960
216000*6.73 = 1,453,680
3.
EGIMs(calc in 16) = 7.61,6.45,7.09
EGI(calc in 17) = 205,200
poperty value:
205200*7.61 = 1,561,572
205200*6.45 = 1,323,540
205200*7.09 = 1,454,868
4.
Ros(calc in 16) = 9.20%,9.31%,9.17%
NOI(calc in 17) = 133,380
Ro = NOI / property value
property value:
133380/0.0920 = 1,449,783
133380/0.0931 = 1,432,653
133380/0.0917 = 1,454,526
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