You have been provided with last years accounts for a residential investment property. Calculate the estimated...

You have been provided with last years accounts for a residential investment property. Calculate the estimated net income amount you would apply in a valuation.

Gross Income $ 185,000

Council Rates $ 3,000

Water Rates $ 3,000

Land Tax $ 6,000

Long Term Vacancy Rate 3%

Capital Expenses $ 12,000

Management Fees $ 9,250

Insurances $ 4,000

Repairs & Maintenance $3,700

Expert Solution

Calculation of Estimated net income amount to apply in a valuation
Gross income (185000*(1-LT vacancy rate ,3%))		179450
Less: expenses	3000
Water rates	3000
Land tax	6000
Management fees	9250
Insurances	4000
Repairs & maintenance	3700
Total operating expenses		28950
Net Income	(ANSWER)	150500

jeff jeffy answered 3 years ago

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You have been provided with last years accounts for a residential investment property. Calculate the estimated...

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