A. Given the following ownerâs income and expense estimates for an apartment property, formulate a reconstructed operating statement. The building consists of 10 units that could rent for $550 per month each.Ownerâs Income StatementRental income (last year) $60,600Less: ExpensesPower $2,200Heat 1,700Janitor 4,600Water 3,700Maintenance 4,800Reserves 2,800Management 3,000Depreciation 5,000Mortgage payments 6,300 34,100Net income $26,500Estimating vacancy and collection losses at 5 percent of potential gross income, reconstruct the operating statement to obtain an estimate of NOI. Remember, there may be items in the ownerâs statement that should not be included in the reconstructed operating statement.B.)Using the NOI obtained above and an Ro of 11.0 percent, calculate the propertyâs Indicated value. Round your final answer to the nearest $500.
https://papertowriters.com/wp-content/uploads/2020/07/Writerspng-300x62.png 0 0 admin https://papertowriters.com/wp-content/uploads/2020/07/Writerspng-300x62.png admin2020-05-06 17:45:042020-05-06 17:45:04Given the following owners income and expense estimates