Using the Following Information, Determine the Net Operating Income (NOI)

question 12

Multiple Choice

Using the following information, determine the net operating income (NOI) for the first year of operations of the subject property assuming "below-line" treatment of capital expenditures. $$\begin{array} { | c | c | } \hline \text { Subject Prqperty } & \\\hline \text { Nurber of apartrments } & 15 \\\hline \text { Market Rent (permonth) } & 1000 \\\hline \text { Vacarcy ard Collecticn Losses } & 10 \% \text { of PGI } \\\hline \text { Operating Expenses } & 5 \% \text { of EGI } \\\hline \text { Capital Expenditures } & 10 \% \text { of EGI } \\\hline\end{array}$$

• A) $135,000
• B) $137,700
• C) $153,900
• D)$162,000

---

Definitions:

Reproductive Success

The success a living organism has in passing its genes to the next generation's gene pool.

Population Characteristics

Traits and features that describe the demographics, behaviors, and qualities of a specific group of individuals.

Reproductive Success

The passing of genes onto the next generation in a way that they too can pass those genes on.

Environmentally Adaptive

The capacity of an organism or a system to adjust or change in response to environmental conditions.