Question: Hi! I need help completing the attached assignment regarding valuation, thanks! Residential Remodeling I Summer 2015 Assignment 2 (10 points) Nancy owns a multi-unit apartment

Hi! I need help completing the attached assignment regarding valuation, thanks!

Residential Remodeling I Summer 2015 Assignment 2 (10 points) Nancy owns a multi-unit apartment building. Please provide the annual operating statement & calculate the market value of this property. The rent roll & expenses are as follow: Layout Studio One Bedrooms Two Bedrooms Three Bedrooms Number of Units 4 2 2 2 Monthly Rent per unit $ 900 $1,200 $1,900 $2,600 Landlord's Expenses: Property Taxes Insurance Accountant Worker's Comp Cleaning Landscaping Trash Removal Electricity Office Site Management Emergency Repair and Maintenance $55,000 / yr. $ 5,500 / yr. $ 1,500 / yr. $ 500 / yr. $ 30 / week $ 500 / yr. $ 150 / mo. $ 50 / mo. 4% of base rent roll $12,000/ yr. Other Factors: Vacancy Contingency CAP Rate Other Income No Debt Service 6% 15% $5,000 a. What is the scheduled gross income? b. What is the vacancy loss? c. What is the effective gross income? d. What are the total expenses? e. What is the Net Operating Income? f. What is the market value of the property

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