Please find what the rent per unit needs to be to have a Net Operating Income (NOI) of $100,000.
Assumptions
Please use the following assumptions below:
Rent per unit (per month)
Vacancy Rate (% of Potential Gross Income) 5%
Operating Expenses (% of Effective Gross Income) 30%
Number of Units 18
*Please fill out the blue area Rent per unit (per month)
Vacancy Rate (% of Potential Gross Income)
Operating Expenses (% of Effective Gross Income)
Number of Units
Cash Flow This will calculate Annual Net Operating Income
Total
Potential Gross Income $ -
Less: Vacancy $ -
Effective Gross Income $ -
Less: Operating Expenses $ -
Net Operating Income $ -
Question 2-6 Please fill out the formula that corresponds to the following:
Include 1) the written formula 2) A functioning example
Example: Area Formula 1) Area= Width x Length
2a) Area Width Length
2b) 800 20 40
Question 2 Interest Formula 1)
2a)
2b)
Question 3 Income Formula 1)
2a)
2b)
Question 4 Commission Formula 1)
2a)
2b)
Question 5 Appraisal Formula 1)
2a)
2b)
Question 6 Made-Percent-Paid Formula 1)
2a)
2b)