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  3. a typical year. 2021 was an average year for vacan

a typical year. 2021 was an average year for vacancies and bad debts. A good...

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a typical year. 2021 was an average year for vacancies and bad debts. A good estimate of NOI is Annual 2021 Rental Income, Net of Bad Debts 500 Repairs and Maintenance 50 Utilities Paid by Owner 20 Real Estate Taxes 40 Management Fees 20 Depreciation 30 Capital Expenditures 20 Interest Expense 40 Income Taxes 100 Net Income 200

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