6. Using the following information, compute the net operating income (NOI) for the first year of operations. Include capital expenditures as an expense. Note: not everything that follows goes into the calculation of NOINumber of apartments: 10Rent per month per apartment: $900.00Expected vacancy and collection loss: 10%Annual maintenance: $18,000Property Taxes $9,000Property insurance $7,000Annual mortgage debt payments $35,000Other operating expenses $3,000

6. Using the following information, compute the net operating income (NOI) for the first year of operations. Include capital expenditures as an expense. Note: not everything that follows goes into the calculation of NOINumber of apartments: 10Rent per month per apartment: $900.00Expected vacancy and collection loss: 10%Annual maintenance: $18,000Property Taxes $9,000Property insurance $7,000Annual mortgage debt payments $35,000Other operating expenses $3,000

6. Using the following information, compute the net operating income (NOI) for the first year of operations. Include capital expenditures as an expense. Note: not everything that follows goes into the calculation of NOINumber of apartments: 10Rent per month per apartment: $900.00Expected vacancy and collection loss: 10%Annual maintenance: $18,000Property Taxes $9,000Property insurance $7,000Annual mortgage debt payments $35,000Other operating expenses $3,000