Question: please find the correct answer and Show work! thank you Question 1 400 7th Street Rental Model Financial Summary: Annual Rental Income: 62 Units @


Question 1 400 7th Street Rental Model Financial Summary: Annual Rental Income: 62 Units @ $50psf $2,050,000.00 Less Vacancy Factor of -$102,500.00 Effective Rental Income $1,947,500.00 Annual Operating Expenses: Property Tax $255,000.00 Insurance $50,000.00 Water & Sewer $45,000.00 Elevator Maintenance $12,000.00 W 28 ErTective Rental income $1,947,500.00 Annual Operating Expenses: Property Tax $255,000.00 Insurance $50,000.00 Water & Sewer $45,000.00 Elevator Maintenance $12,000.00 Electric $25,000.00 Repairs & Maintenance $40,000.00 Reserves $40,000.00 Telephone and Internet $8,500.00 Supplies $12,000.00 Management $40,000.00 Legal & Accounting $10,000.00 Janitorial $18,000.00 Total Operating Expense $555,500.00 Question Completion Status Legal & Accounting $10 000.00 Janitorial $18.000.00 Total Operating Expense 5555.500.00 Net Operating Income $1,392,000.00 B Suppose we expect the Net Operating income to go up by and supposentent is expected to run What's new value of the building $20.500,000 5230826,000 $17.875,000 $29.450,000 Question Moving to another question will save this response Question 1 400 7th Street Rental Model Financial Summary: Annual Rental Income: 62 Units @ $50psf $2,050,000.00 Less Vacancy Factor of -$102,500.00 Effective Rental Income $1,947,500.00 Annual Operating Expenses: Property Tax $255,000.00 Insurance $50,000.00 Water & Sewer $45,000.00 Elevator Maintenance $12,000.00 W 28 ErTective Rental income $1,947,500.00 Annual Operating Expenses: Property Tax $255,000.00 Insurance $50,000.00 Water & Sewer $45,000.00 Elevator Maintenance $12,000.00 Electric $25,000.00 Repairs & Maintenance $40,000.00 Reserves $40,000.00 Telephone and Internet $8,500.00 Supplies $12,000.00 Management $40,000.00 Legal & Accounting $10,000.00 Janitorial $18,000.00 Total Operating Expense $555,500.00 Question Completion Status Legal & Accounting $10 000.00 Janitorial $18.000.00 Total Operating Expense 5555.500.00 Net Operating Income $1,392,000.00 B Suppose we expect the Net Operating income to go up by and supposentent is expected to run What's new value of the building $20.500,000 5230826,000 $17.875,000 $29.450,000 Question Moving to another question will save this response
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