Question: please explain and show the first year and second year Please build a proforma statement if income and expense (NOI) from the information given: Gross
Please build a proforma statement if income and expense (NOI) from the information given: Gross Potential Income: $4,500,000 Vacancy and collection loss are 5% of Gross Potential Income, operating expenses are 35% of EGI, property taxes are $50,000. There are no capital expenses. What is the first year NOI? If rents grew by 5% what would the year 2 NOI be? Please show your work
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