Calculate the NOI of a property based upon the information provided below. • Building area: . Average base rents: .NNN recoveries: Vacancy rate: . . . . Operating expenses Percentage rent . Concessions . Annual debt service O 165,720 O 315,720 O 375.720 15,000 sqft $27.50 psf $4.00 psf 5.0% $4.30 psf $6,000 per year 3.0% $210,000 per year
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- 10. Calculate the assessed value (in $) and the property tax due (in $) on the property. (Round your answers to the nearest cent.) Fair MarketValue AssessmentRate AssessedValue PropertyTax Rate PropertyTax Due $342,900 72 $ 5.1% $Exercise 7-23 (Algorithmic) (LO. 4) Determine the treatment of a loss on rental property under the following facts: Basis $940,000 FMV before the loss 1,128,000 FMV after the loss 282,000 The amount of the loss is $ which isYou have been asked to develop a pro forma statement of cash flow for Betts Distribution Center, an Internet-based order fulfillment/distribution/office/warehouse property. In addition to recoverable operating expenses, the new tenant will be billed for pass throughs including insurance and property taxes, which will then be paid by the owner. The information given to you is listed below. Property Information: BETTS DISTRIBUTION CENTER Age of Improvement Rentable Space Single Tenant Financial Information: Rent 8 years old 230,000 square feet 10-year lease term, net, net Recoverable Expenses from Tenant Operating Expenses Property Taxes Insurance Other Cash Outlays: Allowances for: Recurring CAPEX/Improve Allowance $7.00 per square feet (7-year term), flat $3.00 per square feet, fixed $775,000 $53,000 $18,000 $67,500 Required: a. Develop a pro forma statement for the Betts property for a base year showing net operating income (NOI).
- you have asked to estimate the value of the subject property that has gross rental income of $130,000 and a NOI of $58,000. A summary of transaction data on three comparable market is in the table below. Sp : 650,000 750,000 450,000 Gross rental income: 100 000 150,000 75,000 NOI. : 50 000 56,000 36,000 Based on two methods that are frequently used in the Income approach your task is to estimate the value of subject property. Which method give the highest value? (Ch 10) the subject property has a rentable area of 1,500 Sqm, construction costs amount to $30/sqm. Estimated economic life of building is 50 years. Economic depreciation in terms on negative changes in the neighborhood is estimated to $1000 and based on the sales comparison approach the estimated value of the land amounts to 10,000. Current age of the building is 10 years. Based on the cost Approach your task is to estimate the value of the subject properTolpon/MADP IL Pert 3. Here is a table followed by two advertisements -one for a horme to rent and one for a home to purchase. a) Complete the table. If there is not payments required for a particular spot, put n/a (not applicable) in that spot. For any mortgage calculations, assume a 25- year amortization, 7% interest, and an original principal of $130 000. b) Describe two advantages of selecting the "rental" option and two advantages of selecting the "purchase" option. House for rent 3-bedroom house, ranch style, close to schools, 1400 sq. ft. above ground swimming pool, 2 bathrooms, paved drive, large deck, $1150/month + gas heat. First and last + $250 security required. House for sale 3-bedroom, 2 ½ baths, renovated kitchen, 1450 sq. ft. finished basement with gas fireplace, CIA, 2-car garage, $174 000. Taxes approx. $175/month. Dontal Durehaee CynonenConsider the following cash flow statement for a property fully leased to a new tenant on a NNN basis beginning in Year 1. Potential Base Rent Free Rent and Concessions Absorption and Turnover Vacancy Total Rental Revenue Expense Recoveries Total Tenant Revenue Other Revenues Potential gross Revenue Vacancy and Collection Loss Effective Gross Revenue Recoverable Opex Non Recoverable Opex Total Opex Year 1 $750,000 $0 $0 $750,000 $350,000 $1,100,000 $0 $1,100,000 $0 $1,100,000 $350,000 $50,000 $400,000 Net Operating Income $700,000 What would the Year 1 NOI be if there were 3-months of downtime before the tenant's lease began AND the tenant had received 3-months of free base rent during the year? Group of answer choices $237,500 $150,000 $325,000 $425,000
- when a house is purchased there is extra costs. land transfer tax 0.9% mortgage loan insurance premium 2.85% legal fees 1.2% building inspection 0.28% determine the toal of these cosdts for a house with a selling price of $155,000 a] none b]$17361 c]$14121 d]$10881Required information [The following information applies to the questions displayed below.] While completing undergraduate school work in information systems, Dallin Bourne and Michael Banks decided to start a technology support company called eSys Answers. During year 1, they bought the following assets and incurred the following start-up fees: Year 1 Assets Purchase Date Basis Computers (5-year) Office equipment (7-year) Furniture (7-year) Start-up costs October 30, Year 1 October 30, Year 1 October 30, Year 1 October 30, Year 1 $16,400 10,000 5,800 19,520 In April of year 2, they decided to purchase a customer list from a company providing virtually the same services, started by fellow information systems students preparing to graduate. The customer list cost $12,520, and the sale was completec on April 30. During their summer break, Dallin and Michael passed on internship opportunities in an attempt to really grow their business into something they could do full time after…5 - Our company has purchased a land for 472.000 TL including 18% VAT. Which of the following accounts is correct to use in the relevant accounting record ? a) 191 VAT Deductible 72.000 TL (Creditor) B) 250 Land and Lands Hs. 400.000 TL (Creditor) NS) 391 Calculated VAT Hs. 72.000 TL (Borrower) D) 252 Buildings Hs. 72.000 TL (Borrower) TO) 250 Land and Lands Hs. 400.000 TL (Borrower)
- Determine the treatment of a loss on rental property under the following facts: Basis $650,000 FMV before the loss 800,000 FMV after the Joss 200,000 The amount of the loss is $ which is a deduction for AGI - v.Calculate the assessed value (in $) and the property tax due (in $) on the property. Fair Market Assessment Assessed Property Property Value Rate Value Tax Rate Tax Due $145,000 100 $ $1.40 per $100 $For purposes of the property factor, leased property is generally valued at a. 10 times annual rentals. b. 8 times annual rentals. c. 5 times annual rentals. d. The fair market value of comparable assets. e. The present value of future rental payments.