What is the equivalent annual income

Reference no: EM13189568

An income-producing property has an annual gross rent income of $1,000,000 and annual expenses of $300,000. Every 5 years, the parking lot need to be re-surfaced at $60,000 and every 10 years, the rood will have to be maintained at $40,000. If you required interest rate at 10% per year calculate the amount of equivalent annual expenses?

Also what is the equivalent annual income?

How much is the Capitalized cost of the income property mentioned?

Reference no: EM13189568

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