IAAO 102 Formulas with 100% correct answers

Income & Expense Statement Gross Income/PGI - Vacancy & collection losses + Misc income ______________________ EGI - Allowed expenses ______________________ NOI Recapture Rate 1/REL (remaining economic life) Building & Land Rate Discount + ETR + Recapture = Building (Imp) rate Discount + ETR = Land rate Overall Rate (OAR or Ro) 1. NOI + sale price 2. Mortg % x mortg rate + equity % x equity rate 3. DCR x M x Rm 4. NIR/EGIM 5. land % x land rate + imp % x imp rate IRV components Income = tax, recap, discount Rate = ETR, discount rate, recap rate GIM/EGIM sale price/PGI = GIM sale price/EGI = EGIM recapture rate NOI - discount income - tax income/building value discount rate NOI - recap income - tax income/sale price tax rate NOI - discount income - recap income/sale price