Question
In: Accounting
Calculate the NOI of a property based upon the information provided below: Building area: 10,500...
Calculate the NOI of a property based upon the information provided below:
- Building area: 10,500 sqft
- Average base rents: $26.00 psf
- NNN recoveries: $3.50 psf
- Vacancy rate: 5.0%
- Operating expenses $4.25 psf
- Percentage rent $4,000 per year
- Concessions 3.0%
- Annual debt service $188,400 per year
Solutions
Expert Solution
| Net Operating Income | ||
| a) Gross Income (10,500sqft * $ 26psf - 3%) | 264,810.00 | |
| b) Vacancy Expense (10,500sqft * 5%) | 13,240.50 | |
| c) Effective Rental Income (a-b) | 251,569.50 | |
| d) Other Income (10,500sqft * $ 3.50psf) | 36,750.00 | |
| e) Gross Operating Income (c+d) | 288,319.50 | |
| f) Operating Expenses (10,500sqft * $ 4.25 ps | 44,625.00 | |
| g) Net Operating Income (e-f) | 243,694.50 | |
| Note: Annual Debt Service should not be included in calculculation of Net Operating Income as it is specific to the owner |
ekkarill92 answered 1 year agoRelated Solutions
Research the Best Buy current situation. Based upon the information provided in the case and what...
Research the Best Buy current situation. Based upon the
information provided in the case and what you find out from your
research, what would you recommend Best Buy do? What would a CLV
perspective suggest they do? How well do you think Best Buy will do
in this market? Explain your rationale.
•Calculate the variance analysis for the information provided below using this problem and the formula provided...
•Calculate the variance analysis for the information provided
below using this problem and the formula provided to you.
Data:
Budget
Actual
Variance
Total Payroll Cost
$65,600.00
$78,627.50
$13,027.50
Total Nursing Hours
1600
1850
250
Composite Hourly Pay Rate
$30.00
$33.00
$3.00
Patient Days
350
375
25
Formulas to use in calculations for variance analysis:
Step #1: Compute the Efficiency Variance.
Budgeted nursing hours / Budgeted patient days =
HPPD Budgeted
Actual nursing hours / Actual patient days = HPPD Actual...
Suppose that you are contemplating an investment in an apartment building. Use the information provided below...
Suppose that you are contemplating an investment in an apartment
building. Use the information provided below to answer the
questions that follow:
Type of Property: Apartment Building
Number of Units: 30
Average Rent: $1,500 per unit per month
Expected Growth in Rents: 5% per year
Vacancy and Collection Losses: 5% of Potential Gross Income
Other Income: $50 per unit per month
Expected Growth in Other Income: 3% per year
Operating Expenses: 35% of Effective Gross Income
Capital Expenditures: 4% of...
Suppose that you are contemplating an investment in an apartment building. Use the information provided below...
Suppose that you are contemplating an investment in an apartment
building.
Use the information provided below to answer the questions that
follow:
Type of Property: Apartment Building Number of Units: 30
Average Rent: $1,500 per unit per month
Expected Growth in Rents: 5% per year
Vacancy and Collection Losses: 5% of Potential Gross Income
Other Income: $50 per unit per month
Expected Growth in Other Income: 3% per year
Operating Expenses: 35% of Effective Gross Income
Capital Expenditures: 4% of...
Suppose that you are contemplating an investment in an apartment building. Use the information provided below...
Suppose that you are contemplating an investment in an apartment
building. Use the information provided below to answer the
questions that follow: Type of Property: Apartment Building Number
of Units: 30 Average Rent: $1,500 per unit per month Expected
Growth in Rents: 5% per year Vacancy and Collection Losses: 5% of
Potential Gross Income Other Income: $50 per unit per month
Expected Growth in Other Income: 3% per year Operating Expenses:
35% of Effective Gross Income Capital Expenditures: 4% of...
Suppose that you are contemplating an investment in an apartment building. Use the information provided below...
Suppose that you are contemplating an investment in an apartment
building. Use the information provided below to answer the
questions that follow:
Type of Property: Apartment Building
Number of Units: 30
Average Rent: $1,500 per unit per month
Expected Growth in Rents: 5% per year
Vacancy and Collection Losses: 5% of Potential Gross Income
Other Income: $50 per unit per month
Expected Growth in Other Income: 3% per year
Operating Expenses: 35% of Effective Gross Income
Capital Expenditures: 4% of...
The following information is provided for two items of property for a company. Property A was...
The following information is provided for two items of property
for a company. Property A was purchased five years ago for
$400,000. It was intended to be used to build another factory, but
the company has now reorganised its original factory and it is no
longer required. The company now intends to sell it. The current
property market has dropped but it is expected to rise when
interest rates fall. If sold now, the property is expected to
realise $360,000....
1.1 REQUIRED Use the information provided below to calculate the cost to Umhlali Stores (as a...
1.1 REQUIRED Use the information provided below to calculate the
cost to Umhlali Stores (as a percentage) of not accepting the
discount. (Assume a 365-day year.) (5) INFORMATION Jehcon
Manufacturers’ credit terms to Umhlali Stores are 60 days but the
manufacturer is prepared to allow a 2.5% rebate if Umhlali Stores
pays the account within 10 days.
1.2 Use the information given below to calculate the:
1.2.1 EOQ (4)
1.2.2 Reorder point (4) INFORMATION Gem Enterprises intends
purchasing 7 200...
Based on the information provided below, estimate the income and expenditure and prepare a basic budget...
Based on the information provided below, estimate the income and
expenditure and prepare a basic budget in the template
provided.
The Melbourne Football Club and the recreational centre has the
following income and expenditure. Identify each item as income or
expenditure and fill in the template provided to get total income
and expenditure for the year. Assume one (1) season of the game per
year.
Sales:
The number of opening hours per week: 14
The average sales per hour: $120...
Answer the following questions based on the information provided below: You are conducting a study to...
Answer the following questions based on the information provided
below:
You are conducting a study to determine the impact of a new reading
intervention on students test scores. You randomly assign 40
students to either the intervention group or the control group
(those not participating in the intervention). You also break the
students into morning and afternoon classes to determine which is
the best time of day to conduct the intervention.
1. What is the dependant variable?
2. What is/are...
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- You have just completed two (2) projects in your assessments, Assessment 2 used the PMBOK method,...
- A tennis ball is lobbed (from very close to the ground) at a speed of 11.5...
- On January 1, 2014, Fishbone Corporation sold equipment to Lost Company that cost $250,000 and that...
- Describe the function of Work Breakdown Structure (WBS) that used for your PMBOK assignment and how...
- There wasn't an answer for this question, I'm looking to verify my answers with another individual....
- This week your project asks you to investigate your macrosystem. In a 1-2 page paper, explain...
- Assemble a series of generic negotiable measurements one might use in developing a strategy that can...
ADVERTISEMENT