a building is valued at $150,000 when noi is capitalized at a rate of 8%. noi is 40% of effective gross income. the effective gross income is

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04-11-2022
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a building is valued at $150,000 when noi is capitalized at a rate of 8%. noi is 40% of effective gross income. the effective gross income is

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qwterabite qwterabite · Answer 1 · 2022-11-14T11:15:16-05:00

The effective gross income is $30,000

Net Operating Pay is for those in real estate utilize to rapidly calculate the profitability of a specific investment. NOI decides the income and profitability of contributed real estate property after subtracting vital operating expenses. the equation is:

Net Operating Income = (Gross Operating Income + Other Wage) - Operating Expenses. whereas Effective net income (EGI) is the Potential Net Rental Income additionally other income minus vacancy and credit costs of a rental property.

therfore, $150,000 × .08 cap rate = 12000

=>gross income = 12000 ÷ 0.40 = $30,000

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