Solution-Calculate the first ten years of the income

Calculate the first ten years of the income statement

Assignment Help Finance Basics

Reference no: EM13852456

Apartment Complex:

40 1-Bedroom Units Renting @ $700/month

25 2-Bedroom Units Renting @ $900/month

153-Bedroom Units Renting @ $1000/month

Other Income is 2% of the Potential Gross Rent

Vacancy Expense is 8% of Potential Gross Income

Loss Allowance is 2% of Potential Gross Income

Operating Expenses:

Property Taxes		75 Mills
Property Insurance		3% of EGI
Utilities:
	Gas	10% of EGI
	Electric	8% of EGI
	Water & Sewer	5% of EGI
	Telephone & Internet	0.5% of EGI
	Trash	0.5% of EGI
Maintenance:
	Supplies/Repairs	2% of EGI
	Wages/Salaries	1% of EGI
	Pest Control	1% of EGI
	Carpet Cleaning/Power Washing	0.25% of EGI
Landscaping/Snow Removal		1.5% of EGI
Legal		1% of EGI
Turnover		30% of Avg Monthly Rent
Accounting		1% of EGI
Administration		0.5% of EGI
Management		5% of EGI

Your Qualified Loan: 70% LTV, 6.5% Interest Rate, 20 years, 10 year balloon, DCR = 1.4

Calculate the first ten years of the income statement through the ATCF.

Reference no: EM13852456

Questions Cloud

Draft fan-upgraded industrial process : A large induced-draft fan is needed for an upgraded industrial process. The motor to drive this fan is rated at 100 horsepower, and the motor will operate at full load for 8,760 hours per year. The motor’s efficiency is 92%. what is the present worth..

Analysis of the change in owners equity during the year : From an analysis of the change in owner's equity during the year, compute the net income and assuming Iverson made an additional investment of $46,181 and had no drawings in 2014

Is the plan devised by spencer and the cfo ethical : Is the plan devised by spencer and the CFO ethical? In answering this question, assume that Spencer and the controller are both firmly convinced that the new equipment will increase shareholder value.

Calculate franchises payback period and net present value : Calculate each franchise's payback period, net present value (NPV), internal rate of return (IRR), and modified internal rate of return (MIRR).

Calculate the first ten years of the income statement : Your Qualified Loan: 70% LTV, 6.5% Interest Rate, 20 years, 10 year balloon, DCR = 1.4. Calculate the first ten years of the income statement through the ATCF.

What income tax payments did 2014 liquidation cost supervalu : What additional income tax payments did the 2014 liquidation cost SUPERVALU? Assume an income tax of 40%.

Compute the expected new net income : Given the increased incentive, they expect net sales to increase by 15%. As a result, they estimate that gross profit will increase by $52,576 and expenses by $76,180. Compute the expected new net income. Then, compute the revised profit margin an..

Compute the equity method balance in patricks investment : Formulate your solution so that Shawns gross profit rate on sales to Patrick is treated as a variable - Create an Excel spreadsheet.

Alculate amount of current assets and current liabilities : Calculate the amount of current assets and current liabilities from the following: a) Current Ratio: 2.5:1, Working capital: ?60,000 b) Gross Profit : ?1,00,000, Total sales: ?5,25,000, Sales returns: ?25,000.Calculate Gross profit ratio.

User Account

All Pages

Calculate the first ten years of the income statement

Reference no: EM13852456

Reference no: EM13852456

Questions Cloud

Reviews

Write a Review

Finance Basics Questions & Answers

Financial reporting and analysis

A report on financial accounting

Describe the types of financial ratios

Differences between sole proprietorship and corporation

Prepare a cash budget statement

What are the implied interest rates

State pricing theory and no-arbitrage pricing theory

Small business administration

Effect of financial leverage

Evaluate the basis for the payment to the lender

Importance of opps, ipps, mpfs and dmepos

Time value of money

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT