Given the following information, what is the potential gross income?
Property: 4 office units
Contract Rents per unit: $2500 per month
Vacancy and collection losses: 15%
Operating expenses: 35%
In real estate transactions, potential gross income is the highest possible income that can be produced from a scenario and is the very top line number. ...
The potential gross income is calculated for a group of office rental units given several metrics.