What is the effective gross income and net operating income of the following property budget:...
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What is the effective gross income and net operating income of the following property budget: Potential Gross Income $1,550,000, property taxes $55,000, income taxes $105,000, capital improvements $25,000, utilities $140,000, vacancy & credit loss estimate 7%, maintenance costs $92,000. Select one: a. $1,441,500 / $1,129,500 b. $1,550,000 / $1,129,500 c. $1,550,000 / $1,024,500 d. $1,550,000 / $1,129,500
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