Based on the following data, estimate net operating income. Show your work in good form.
Two-bedroom units rent for $600 per month (total of 40 units)
One-bedroom units rent for $450 per month (total of 20 units)
Vacancy and uncollectible rent losses typically amount to six percent of potential gross rent.
Operating expenses average approximately 45 percent of potential gross income.
Rental income - two bedroom units 288,000 (600 x 40 x 12)
Rental income - one bedroom units ...
This solution estimates net operating income based on the rental information provided.