1. You are examining the possible purchase of a commercial property. You realize you need to...

 

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1. You are examining the possible purchase of a commercial property. You realize you need to estimate the property's effective gross income (EGI) as a first step. The property has nine (9) tenants who pay the following annual rent for the coming year: $16,500; $23,890; $11,755; $43,600; $24,000; $22,678; $17,825; $21,693; and $34,888. The property is currently 3.5% vacant and you budget 0.25% lost rent for the coming year. What is the property's current EGI (annual)? 1. You are examining the possible purchase of a commercial property. You realize you need to estimate the property's effective gross income (EGI) as a first step. The property has nine (9) tenants who pay the following annual rent for the coming year: $16,500; $23,890; $11,755; $43,600; $24,000; $22,678; $17,825; $21,693; and $34,888. The property is currently 3.5% vacant and you budget 0.25% lost rent for the coming year. What is the property's current EGI (annual)?

Answer rating: 100% (QA)

To calculate the propertys EGI we need to add up the total rent collected from all the tenant... View the full answer