A small commercial property has 10 units, which each rent for $1600 per month. a) If...

Transcribed Image Text:

A small commercial property has 10 units, which each rent for $1600 per month. a) If each unit was vacant for 10 days, what would be the total vacancy loss? b) What would be the effective gross income for the above property? c) If a property's yearly NOI is $85,000 and the capitalization rate is 8%, what is the market value of the property? A small commercial property has 10 units, which each rent for $1600 per month. a) If each unit was vacant for 10 days, what would be the total vacancy loss? b) What would be the effective gross income for the above property? c) If a property's yearly NOI is $85,000 and the capitalization rate is 8%, what is the market value of the property?

Answer rating: 100% (QA)

Part a Vacancy loss Number of units Rent per unit per mon... View the full answer