Assume an apartment building contains 120 units. 60% are one-bedrooms that rent for $1000/month and 40% are

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Assume an apartment building contains 120 units. 60% are one-bedrooms that rent for $1000/month and 40% are two-bedrooms that rent for $1,500 per month. Vacancy is 10% of total income. What is the effective gross income?

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Real Estate Finance and Investments

ISBN: 978-0073377339

14th edition

Authors: William Brueggeman, Jeffrey Fisher

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Posted Date: Feb 26, 2024 05:18 AM

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Assume an apartment building contains 120 units. 60% are one-bedrooms that rent for $1000/month and 40% are

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To calculate the effective gross income EGI we first need to find the total income generated from re... View the full answer

Real Estate Finance and Investments

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