Description
Unformatted Attachment Preview
Hancock Village
789 units
Average rent of $2,655 per unit per month
Loss to Lease (2.5%)
Vacancy (4.75%)
Other Income $1,172 per unit (annual figure)
Expenses PER UNIT (Annual)
Real Estate Taxes
Property Insurance
Natural Gas
Electricity
Water & Sewer
Trash Removal
Administrative & General
Repairs & Maintenance
Painting & Decorating
Grounds
Management Fee
Admin Payroll
Maintenance Payroll
Employee Taxes & Benefits
Advertising & Leasing
Replacement Reserves
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
2,823
300
729
120
760
150
175
850
300
400
615
300
600
100
350
250
Determine NOI. Based on the info below (which is not much) determine the value using the
income capitalization approach.
Using information from the sales comparison approach, determine a value for the property.
Purchase answer to see full
attachment
