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A building has 9 apartments generating annual potential rent of $1,500 each month. Vacancy = 6% and annual expenses are $84,000. Vending machines yield $1,800 per year. What is the NOI?
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A building has 9 apartments generating annual potential rent of $1,500 each month. Vacancy = 6% and annual expenses are $84,000. Vending machines yield $1,800 per year. What is the NOI?

User Smallpepperz
by
8.4k points

1 Answer

9 votes

Step-by-step explanation:

you answer is $70,080

hope that helps. can post how was figured out.

A building has 9 apartments generating annual potential rent of $1,500 each month-example-1
A building has 9 apartments generating annual potential rent of $1,500 each month-example-2
User Aweigold
by
8.1k points
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