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CCIM 101 - Financial Analysis 2024 Questions & Answers, Passed!!
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CCIM 101 - Financial Analysis 2024 Questions & Answers, Passed!!
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CCIM 101 - Financial Analysis 2024 Questions & Answers, Passed!!What are the four basic components of NOI? Answer- 1 - Potential rental income (PRI)
2 - Vacancy and credit losses
3 - Other income
4 - Operating expenses
[XXXX] is used to determine a property's PRI (Potential Rental Income.) Answer- Lease analysis
PRI equals NOI in what property/tenant scenario? Answer- If the property has one tenant with a long-term absolute NNN lease.
[XXXX] is PRI minus vacancy and collection losses. Answer- ERI (Effective Rental Income)
Name some items which are EXCLUDED from Operating Expenses. Answer- Interest and principal on debt on the property
Depreciation (cost recovery)
Capital Expenditures
Income Taxes
Reserves for Replacement
Tenant Improvements
True or False: Depreciation is included in Operating Expenses. Answer- False
True of False: Principal and interest on debt financing is included in Operating Expenses Answer- False. This is an expense of ownership, not an operating expense.
True or False: Capital Expenditures are included in Operating Expenses. Answer- False. They are written off over a period of years.
True of False: Income Taxes are included in Operating Expenses Answer- False
True of False: Reserves for Replacement are included in Operating Expenses Answer- False
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