Net Operating Income

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Consider an apartment community with the following unit types and monthly rents. In addition to rent,
each unit is expected to generate $45 of other income each month. Vacancy rate is assumed to be 7
percent.

Unit Type No. of Units Monthly Rent

Studio 15 1,000
1BR 55 1,150
2BR 1BA 50 1,450
2BR 2BA 15 1,750
3BR 5 1,900

Operating expenses for the year include the following:

RE Taxes 217,080
Insurance 72,360
Utilities 126,630
Maintenance 117,585
Management 4% of EGI

What is the property's net operating income (NOI) for the year?

150,750 2,320
Monthly Rental Income
No. of units * monthly rent
Studio 15,000
1BR 63,250
2BR 1BA 72,500
2BR 2BA 26,250
3BR 9,500
Subtotal 186,500
Other income/unit * total number of units
Other Income 6,300
Don’t forget to multiply the monthly income by
PGI 2,313,600 12.
Vacancy 161,952
EGI 2,151,648

Operating Expenses
RE Taxes 217,080
Insurance 72,360
Utilities 126,630
Maintenance 117,585
Management 86,066
Subtotal 619,721

NOI 1,531,927

Property Value is $2,000,000. Monthly EGI and Operating expenses are $25,000 and $7,500, respectively. Loan amount is 80% of the va
Please express the return percentage as a decimal. For example, 10% would be .10
an amount is 80% of the value at 5% interest only. What is the first year Cash on Cash Return?
Consider an apartment community with the following unit types and monthly re

Unit Type No. of Units Monthly Rent

Studio 30 950
1BR 70 1,150
2BR 40 1,450
$10,500.00

Operating expenses for the year include the following:

RE Taxes 240,480
Insurance 60,120
Utilities 160,320
Maintenance 120,240
Management3% of EGI

What is the property's net operating income (NOI) for the year?
Property Value is $2,000,000. Monthly EGI and Operating expenses are $25,000 and $7,500
Please express the return percentage as a decimal. For example, 10% would be .10

2,000,000 32500 80%

400,000 367,500 5%

287,500

0.71875
Consider an apartment community with the following unit types and

Unit Type No. of Units Monthly Rent

Studio 15 950
1BR 40 1,150
2BR 1BA 50 1,350
2BR 2BA 30 1,550

Operating expenses for the year include the following:

RE Taxes 183,960
Insurance 45,990
Utilities 91,980
Maintenance 107,310
Management 4% of EGI

What is the property's net operating income (NOI) for the year?
unit types and monthly rents. In addition to rent, each unit is expected to generate $75 of other rental incom

2.80

$ 167,000
$ 177,500.00

$ 3,550.00

$ 173,950.00 $ -
$ (240,480.00)
### $ (300,600.00)
$ (460,920.00)
$ (581,160.00)
r the year? $ (581,160.00)
ses are $25,000 and $7,500, respectively. Loan amount is 80% of the value at 5% interest only. What is the first year

0% would be .10

1,600,000
80000
e following unit types and monthly rents. In addition to rent, each unit is expected to generate $90 of other r

174250
135
 12150

186400 7456
178944
he following: 2147328
1963368
2101338
2055348
2040018

e (NOI) for the year?

$75 of other rental income each month. Vacancy rate is assumed to be 2 percent.

$ -
only. What is the first year Cash on Cash Return?
o generate $90 of other rental income each month. Vacancy rate is assumed to be 4 percent.
4 percent.