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Corrections / Errata
Please note some of these typographical errors appeared in the first printing of this book. The publisher is correcting these errors in future printings.
Hence, you may find that some or all of these have already been corrected in your copy of the book.
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Page: 42
$91,868 should be $102,014 (Present Value of Lease Payments)
Page: 43
"...and the fifth has a lower value." should be "...and the third has a lower value."
Page: 45
The second sentence in the Rule of Thumb section should read "move decimal point 4 places to the right for $10,000 (instead of 3 places), or 5 places to the right for $100,000 (instead of 4 places).
Page: 57
2006 column should read:
|
2006 |
| SCHEDULE GROSS INCOME |
208,200 |
|
-Vacancy & Credit Allowance |
6,246 |
| GROSS OPERATING INCOME |
201,954 |
| -Operating Expenses |
40,900 |
| NET OPERATING INCOME |
161,054 |
Page: 82
Year 1 990.90 should be 900.90
Page: 121
$25,362 should be $14,795 (Vacancy and Credit Loss)
Page: 169
$27,650 should be $52,500 (7% of Selling Price)
Page: 175
Last sentence should read, "You will sell for $475,000, less 6% costs of sale and $340,000 mortgage balance."
Page: 191
3. Annual Rent = 16 x 1,339 = $21,424 (not "$21,242")
4. The calculations in #4 should use the corrected result from #3, so the full table reads as follows:
4 Units @ 21,424 = 85,696
3 Units @ 24,102 = 72,306
Total Rent = 158,002
Income per Square Foot = 158,002 / 9,375
Income per Square Foot = $16.85
Page: 201
2. BER of 75%? should be BER of 85%?
Page: 209
$150,00 should be $150,000
Page: 216
1/00% should be 1.00%
Page: 243
| should read: |
Less Adjusted Basis |
271,700 |
|
= Gain on Sale |
228,300 |
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