The Phase I Balboa Towers Apartment complex is a 450 unit apartment complex located in Orange County,
Fantastic news! We've Found the answer you've been seeking!
Question:
The Phase I Balboa Towers Apartment complex is a 450 unit apartment complex located in Orange County, CA. Over the course of 2016, the Subject Property performed based on the below operating metrics:
- 95% average occupancy
- Average rent of $2,750 per unit per month
- Market Rent of $2,850 per unit per month
- Average concession given of 1 month for a 12 month lease (per occupied unit)
- Other Income of $1,000 per occupied unit per annum
- Expense Ratio of 35%
- Capital Expenditure of $350 per unit
- What is the Effective Gross Income of the Property?
- What is the Net Operating Income?
- What is the Net Cash Flow?
- What is the Market Value based on a 5.50% Cap Rate
Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
Posted Date: