(Solved by Humans)-Given the following owner's income and expense estimates for an
Paper Details
- Given the following owner?s 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.
| Owner?s Income Statement | ||
| Rental income (last year) |
| $60,600 |
| Less: Expenses |
|
|
| Power | $2,200 |
|
| Heat | 1,700 |
|
| Janitor | 4,600 |
|
| Water | 3,700 |
|
| Maintenance | 4,800 |
|
| Reserves for replacement | 2,800 |
|
| Management | 3,000 |
|
| Depreciation | 5,000 |
|
| Mortgage payments | 6,300 | 34,100 |
| Net income |
| $26,500 |
Estimating 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 owner?s statement that should not be included in the reconstructed operating statement. Using the NOI and a Ro of 11.0 percent, calculate the property?s indicated market value. Round your answer to the nearest $500.
Bypass any proctored exams 2025. Book your Exam today!
Failing attempts? Confusing materials? Overwhelming pressure?
✨ We help you pass your exam on the FIRST TRY, no matter the platform or proctoring software.
✅ Real-time assistance
✅ 100% confidential
✅ No upfront payment—pay only after success!
? Don’t struggle alone. Join the students who are passing stress-free!
? Visit https://proctoredsolutions.com/ and never get stuck with an exam again.
? Your success is just one click away!
STATUS
Answered
QUALITY
Approved
ANSWER RATING
This question was answered on: 10 May, 2025
Solution~000800280.zip (25.37 KB)
This attachment is locked
Our expert Writers have done this assignment before, you can reorder for a fresh, original and plagiarism-free copy and it will be redone much faster (Deadline assured. Flexible pricing. TurnItIn Report provided)
$11.00 ~ Download Solution (Human Written) Rewrite this Paper Afresh for me, no Ai