123 Main St is a 5 unit multifamily property (5 apartments), each apartment is paying $1500 per month in rent. Vacancy in that market is 5%. The annual taxes are $10,000, annual insurance is 5,000, annual utilities are 3,000, annual management is 5,000, and annual maintenance is 4,000 (these are the only expenses). 

What is the Annual Net Operating Income of the property?

Answer rating: 100% (QA)

To calculate the Annual Net Operating Income NOI of the property you first need to ... View the full answer