Suppose apartment rents are currently $($Year $1)$ $$300$ per month per unit, all signed at various times. Rents are expected to grow at $2$ percent per year. On average, tenants remain five years, and units are vacant $3$ months between tenants. Operating expenses are $$1500$ per unit per year $($variable$),$ also expected to increase $2$ percent per year. What is the approximate forecasted Net Operating Income per unit for next year $($after vacancy allowance$)?$

a$.$ $$1,920$

b$.$ $$1,929$

c$.$ $$2,034$

d$.$ $$2,047$

e$.$ $$2,100$

Answer rating: 100% (QA)

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