Mr. Post is purchasing an apartment building that currently has an annual gross income of $415,500. After a thorough analysis of the rental market, he determines that if all units were increased to market rents, the annual gross income would be $550,150. Assuming these projections are accurate, what is the current rent upside as a percentage of the current rents? Round to nearest percentage point, no decimals, include % sign. (ex: 99%)

Answer rating: 100% (QA)

To calculate the current rent upside as a percentage of the ... View the full answer