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Determine what is the break-even point in units

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Reference no: EM132472169

Consider a residential property with the following characteristics:

Point 1: The building has 300 units.

Point 2: Each unit is rented out an at effective gross income of $1300 per month (effective rent per suite).

Point 3: Variable expenses per unit = $410 per month.

Point 4: Fixed expenses (for whole property) = $87000 per month

Point 5: The ratio of variable expenses to fixed expenses is constant for each unit and over time.

Question 1: What is the break-even point (in units)?

A. 98

B. 89

C. 95

D. 102

Reference no: EM132472169

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