What is a minimum monthly rent required

Assignment Help Operation Management

Reference no: EM13228622

Orangemen Lofts plans to add 300 luxury apartments to its complex in Cohoes. The cost of the land now is $16 million including taxes and fees. The construction cost is expected to be $64 million including the cost of the central amenities. The annual maintenance and operating cost is expected to be $450,000. The company also estimates the market value of the property to be 72% of the construction price after 11 years. The average occupancy rate of 88% is expected each year. What is a minimum monthly rent required to make this investment economically acceptable if the company's minimum attractive rate of return is 6% per year, compounded monthly?

Reference no: EM13228622

Questions Cloud

How does communication get done or occur in organization : Explain why or why not. What other communication networks exist in your organization? How does communication "get done" or occur in your organization?

Privacy protection act and forensic computer science : Research a scholarly paper in two paragraphs summaries. First paragraph is a summary of the article and the second paragraph is a reaction or discussion to the article. - Must be in APA formatTopic 1: Privacy Protection Act,

What amount required of memory in a real-time : select a window function to limit the number of samples of an infinite impulse response and the filter specifications are the same, regardless of which window function you select. If you are given the option of using either a Hamming

How does organizational complexity affect human behavior : What leadership qualities are required to deal with organizational complexity? How does organizational complexity affect human behavior?

What is a minimum monthly rent required : What is a minimum monthly rent required to make this investment economically acceptable if the company's minimum attractive rate of return is 6% per year, compounded monthly?

Compare the battle of waterloo in 1815 and somme in 1916 : Compare the Battle of Waterloo in 1815 and The Somme in 1916, how warfare changed over this century, and what those changes reflect about the larger societies of Western Europe, particularly Britain and France in this case.

Full description of the new system : Full description of the new system, a description of its components, and the benefit it will provide to Riordan

State a lactic acid or lactate ion buffer solution contains : A lactic acid/lactate ion buffer solution contains 0.31 M HC3H5O3 and 0.90 M C3H5O3- , respectively. The Ka value of lactic acid is 1.4x10^-4 . Calculate the PH of this buffer.

Write a one-sentence problem statement : The owner of the Gold Coast Apartment Complex is engaging a contractor to build a new club house and wants to know the preferences of the tenants on this new facility.

User Account

All Pages