A18 Alignment fx A 2. Real Estate Net Operating Income 3 Calculate the Real Estate NOI using the following information: 4 5 Rents are $6,500 per month 6 Vacancy rate of 4.50% 7 Utilities are $325 per month 8 Management fees are 7.00% of gross rents 9 Legal and accounting fees are $2,000 per year 10 Insurance fees are $1,900 per year 11 Janitorial, maintenance and supplies are $520 per month 12 Mortgage payment is $1,200 per month, principal and interest 13 Property taxes are $250 per month 14 Earnings before Taxes (EBT) 15 Income Taxes are 20% of EBT 16 Net Income 17 18 19 Sheet1 Ready