INCOME |
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Gross Scheduled Rent Income |
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Other Income |
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TOTAL GROSS INCOME |
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VACANCY & CREDIT ALLOWANCE |
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GROSS OPERATING INCOME |
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EXPENSES |
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Insurance (fire and liability) |
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Property Taxes |
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Repairs and Maintenance |
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Supplies & Miscellaneous |
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Utilities |
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Other |
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TOTAL EXPENSES |
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NET OPERATING INCOME |
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Less Interest, First Mortgage |
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Less Interest, Second Mortgage |
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Less Depreciation, Real Property |
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Less Depreciation, Capital Additions |
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Plus Interest Earned |
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TAXABLE INCOME |
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Automatic Recalculation
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Taxable income equals the property's Gross Scheduled Income, less Vacancy and Credit Allowance, operating expenses, mortgage interest and depreciation. If there is property-specific interest earned (for example, on an escrow account) that will increase the taxable income.
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These resources are provided free of charge, "as is" and without warranty of any kind, either expressed or implied, by RealData, Inc. to readers of "What Every Real Estate Investor Needs to Know About Cash Flow ... And 36 Other Key Financial Measures." You may not reproduce or distribute these materials without the permission of RealData, Inc. Technical support is not available for the free materials provided here. © 2003 RealData, Inc. |