113 units
29,620 NRSF
107 units occupied
Actual current monthly gross: $14,954
Actual current annual gross: $179,448
35% exp ratio: -$62,806
6.8cap = $1,700,000
Proforma:
100% economic occupancy/market rates
Potential monthly gross: $17,112
Potential annual gross: $205,344
35% exp ratio: -$71,870
Potential NOI: $133,473
6.8cap = $1,950,000
