Using the table below, calculate the NOI, for Reading Court Apartments.

Rent Roll Reading Court LEASES (Monthly) This property has 12 apartments each leased for $825 a month, while 3 are vacant at the time of this analysis. Laundry income annually nets $5,120 and $600 annual parking Along with the income information above, a 9% vacancy is planned.

Expenses Heat, water, electricity, sewer and trash $35,462/year Maintenance, $2,700 a year Annual property taxes $6,200 Insurance $5,700 Landscaping $180 per month Maintenance supplies $419/month