Given an apartment property with gross potential rent revenue of $2.8 million, a physical vacancy rate...
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Given an apartment property with gross potential rent revenue of $2.8 million, a physical vacancy rate of 6%, an economic vacancy rate of 7%, other income of $135,000, and credit loss of 2%. What is the net rental income (rounded to the nearest thousand)? Given an apartment property with gross potential rent revenue of $2.8 million, a physical vacancy rate of 6%, an economic vacancy rate of 7%, other income of $135,000, and credit loss of 2%. What is the net rental income (rounded to the nearest thousand)?
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SOLUTION To calculate the net rental income gross income and net operating revenue for the given apa... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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