CFA Practice Question

There are 195 practice questions for this study session.

CFA Practice Question

A 5-unit apartment building is being considered as an investment. The average monthly rent per unit is $1,150. The total vacancy and bad debt losses are projected at $3,450. Annual operating expenses include $8,500 for maintenance, $7,000 for property taxes, and $2,200 for property insurance. The net operating income would be closest to:
A. $17,700
B. $47,850
C. $51,300
Explanation: Net operating income is computed as:

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