Using the following information, determine the net operating income $($NOI$)$ for the first year of operations of the subject property assur "below$-$line" treatment of capital expenditures.

$\backslash$table$[[$Subject Property,$],[$Number of apartments,$],[$Market Rent $($per month$),1500],[$Vacancy and Collection Losses,$10\%$ of PGI$],[$Operating Expenses,$58$ of EGI$],[$Capital Expenditures,$108$ of EGI$]]$

Edit View Insert Format Tools Table