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1. Use the table below to estimate the annual Net Operating Income (NOI) for the...

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1. Use the table below to estimate the annual Net Operating Income (NOI) for the first and second year of a building with 8 apartments that are currently rented for $1,125 /month each given the following assumptions: . Capital Expenditures (CAPX) equal to 15% of Effective Gross Income (EGI) Potential Gross Income (PGI) increases at 5% per year Anticipated Vacancy and Collection Losses of 10% of PGI Operating Expenses (OE) equal to $17,440 and $18,110 during 1st and 2nd year O 1st Year 2nd Year PG VC EGI OE CAPX NOI =

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