Using the 1st chart, how do I complete #17\'s chart (Bottom pic)? Improved Sale

Question

Using the 1st chart, how do I complete #17's chart (Bottom pic)? Improved Sale 1 Improved Sale 2 Improved Sale 3 Multi-Family $1,000,000 165,000 Multi-Family $1,750,000 $260,000 $247,000 $160,550 Use Multi-Family Sale Price $950,000 Potential Gross Income $130,000 55.200 4% 9.900 6% S13.000 5% Less: Vacancy Effective Gross Income $155,100 $62,040 $93,060 $124,800 86450 35% 37,440 30% $87,360 40% Less: Operating Expenses Net Operating Income Indicated PGIM Indicated EGIM Indicated Ro 1.31. 10n 1.2 U-47. 1.31 9.27

Explanation / Answer

Question 17

Potential gross Income = 450*12 *40 = $216,000

Less: Vacancy = 4% = $8,640

Effetcive Gross Income = 216,000 -8,640 = $207,360

Less: Operating expenses = 30% = $62,208

Net Operating Income = 207,360 - 62,208 = $145,152

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