Spring Valley financial information:

# Units                         Monthly Rent
4 (3 BEDRMS)    @           $ 1,260
9 (2 BDRMS)      @           $ 1,050
7 (1 BDRMS)      @            $ 910
4 (Efficiency)     @             $ 750

10 storage lockers are rented for $35 per month along with laundry income of $3090 per year. 

The owner pays annual expenses of $9,598 for property taxes, 

borough rental licenses and inspections $600, 

utilities (natural gas, water/sewer, electric, solid waste) $23,766, 

maintenance $7700, 

advertising of $570, 

lawn care / snow removal $1830, 

management fee of 4.5% of effective gross income. 

Vacancy typically runs 6.6 percent.  

Calculate  NOI In dollars and cents

Answer rating: 100% (QA)

To calculate the Net Operating Income NOI for Spring Valley youll need to determine the effective gr... View the full answer