Question: Using the table below, calculate the NOI Rent Roll Reading Court Apartments (Monthly) Typically this property has 12 apartments each leased for $850 a month,
Using the table below, calculate the NOI Rent Roll Reading Court Apartments (Monthly) Typically this property has 12 apartments each leased for $850 a month, but 3 are vacant at the time of this analysis. Laundry income annually nets $5,120 and $600 annual parking Along with the lease 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
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