You are calculating NOI for a potential refinancing of a CRE loan. Net rent received, after deducting
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Question:
You are calculating NOI for a potential refinancing of a CRE loan. Net rent received, after deducting a vacancy and bad debt loss, is $300,000/year.
Owner's Expenses:
Supplies $3,000
Manager's Salary $20,000
Replacement Reserves $12,000
Electricity $23,000
Water $5,000
Property Insurance (2-year Premium Payment) $18,000
Depreciation $35,000
Real Estate Property Taxes $20,000
Janitor's Salary $15,000
Interest on Mortgage $22,000
Miscellaneous Repairs $15,000
Calculate NOI
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