Can I get some help please!

 

QUESTION 1

 

Calculate NOI for the year based on the below facts. (bonus what is the property's value at a 7% cap rate?)

Fieldstone Apartments has 12 units, consisting of: 8 one bedrooms, 2 studios, and 2 two bedrooms. The one bedrooms are rented for $1,500 per month, the two bedrooms are rented for $2,000 per month and studios are half the price of two bedrooms. Every current resident pays $100 per month for parking. Every unit has been leased except for 4 one bedroom units, which were vacant for 3 months each. There is a property manager that charges 5% of EGI. Landscaping and snow removal are $20,000 for the year, property taxes are $30,000 for the year, Insurance is $35,000 for the year, utilities are $10,000 for the year and trash removal is $5,000 for the year.

 

 

What makes an area more desirable which leads to higher real estate values?

 

What are the 4 major types of real estate asset types

 

What is meant by drivable and walkable communities?

 

What is a Proforma?