subject
Business, 17.02.2020 17:49 ElizaSchuyler10

You are considering a luxury apartment building project that requires an investment of $14,500,000. The building has 50 units. You expect the maintenance cost for the apartment building to be $350,000 the first year and $400,000 the second year. The maintenance cost will continue to increase by $50,000 in subsequent years. The cost to hire a manager for the building is estimated to be $85,000 per year. After five years of operation, the apartment building can be sold for $16,000,000.
Required:
A) What is the annual rent per apartment unit that will provide a return on investment of 15%? Assume that the building will remain fully occupied during its five years of operation.

ansver
Answers: 3

Other questions on the subject: Business

image
Business, 21.06.2019 16:00, wvtoy4767
Common problems that can arise among groups. explain in four or five sentences what can cause the specific or general problem. in addition, explain what impact that conflict can have on group cohesion as well as productivity.
Answers: 1
image
Business, 21.06.2019 20:30, sjanem03
Which of the following statements regarding the learning curve and economies of scale is accurate? answers: just as diseconomies of scale are presumed to exist if a firm gets too large, there is a corresponding increase in costs in the learning-curve model as the cumulative volume of production grows. where diseconomies of scale are presumed to exist if a firm gets too large, there is no corresponding increase in costs in the learning-curve model as the cumulative volume of production grows. where diseconomies of scale are presumed to exist if a firm gets too small, there is no corresponding increase in costs in the learning-curve model as the cumulative volume of production grows. just as diseconomies of scale are presumed to exist if a firm gets too small, there is a corresponding increase in costs in the learning-curve model as the cumulative volume of production grows.
Answers: 1
image
Business, 22.06.2019 01:30, rhettperkins
Emil motycka is considered an entrepreneur because
Answers: 2
image
Business, 22.06.2019 23:00, keagank
You cannot make copies of media, even as a personal backup, without violating copyright. true
Answers: 3
You know the right answer?
You are considering a luxury apartment building project that requires an investment of $14,500,000....

Questions in other subjects:

Konu
Mathematics, 21.10.2020 19:01
Konu
Biology, 21.10.2020 19:01
Konu
Social Studies, 21.10.2020 19:01