Here's How:
1. Let's use our already calculated Gross Potential Income result of $54,000. This is if all units are full and all rents paid.
2. Based on experience, the current market and rental occupancies, we estimate that our losses due to vacancies and non-payment will be 5%.
3. $54,000 *.05 = $2700
4. $54,000 - $2700= $51,300 for our Gross Operating Income
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