Given the Following Information, Calculate the Effective Gross Income

question 9

Multiple Choice

Given the following information, calculate the effective gross income. Property: 4 office units, Contract rents per unit: $2500 per month, Vacancy and collection losses: 15%, Operating Expenses: $42,000, Capital Expenditures: 10%

• A) $100,000
• B) $102,000
• C) $120,000
• D) $135,000

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Definitions:

Breached

The act of breaking or failing to observe a law, agreement, or code of conduct.

Real Estate

Property consisting of land and the buildings on it, along with its natural resources and rights.

Legal Position

A statement or principle of law that pertains to a particular factual situation, representing an argument or standpoint in legal proceedings.

Principal's Right

The authority or entitlements a principal has in a legal or contractual relationship, especially in relation to an agent acting on their behalf.