Using the following information, determine the net operating…

Using the following information, determine the net operating income (NOI) for the first year of operations of the small subject property using an “above-line” treatment of capital expenditures.   Subject Property           Number of apartments: 15 Total Contract Rent (per month): $1,000 Vacancy and Collection Losses: 10% of PGI Operating Expenses: 5% of EGI Capital Expenditures: 10% of EGI

The following question is worth 4 points.   Given the follow…

The following question is worth 4 points.   Given the following mortgage loan information, calculate the lender’s yield (IRR): loan amount: $175,000; loan term: 30 years; contract interest rate: 7 %; monthly payment: $1,164.28; up-front financing costs paid to the lender (including discount points): $3,000; up-front financing costs paid to third–party service providers (appraiser, attorney, etc.): $5,000. Assume the loan will be held/outstanding until the end of year 10. Chose the closet answer below.