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