Part 6

Question 1

INCOME TEMPLATE (7 steps)

Answer 1

1 – Potential gross income
2 – (MINUS) Vacancy and collection loss
3 – (EQUALS) Effective gross income 
4 – (MINUS) Operating expenses
5 – (EQUALS) net operating expenses
6 – (MINUS) Debt Service
7 – (EQUALS) Pre-tax cash flow