Potential Gross Income of Rental Units
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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%
CAPEX: 10%
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Solution Summary
The potential gross income is calculated for a group of office rental units given several metrics.
Solution Preview
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. ...
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