An Old Office Building in Mandaluyong was purchased by Henry for 120 million pesos. It is that the Gross income of the property is 30 million with a 12% vacancy rate and a credit cost of 1 million. expense is computed as 10 million. The annual is set at P5.5M with P500K interest earned. Equity is at P50 million. how much is the effective gross income?

Answer rating: 100% (QA)

Effective gross income EGI is P2040000000 pesos Heres how we can calculate it C... View the full answer