Deal of the Week: Memphis

Get ready! The player with the highest score in the fastest time wins $200! Competition ends today at 5pm EST.

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* 1. Name:

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* 2. Email:

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* 3. Payment Info:

Cash App:

Venmo:

PayPal

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* 4. What is your Project Destined city or partner organization?

New York

Los Angeles

Detroit

Atlanta

Baltimore

London

Durham

Washington, DC

Management Leadership for Tomorrow (MLT)

Other (please specify what PD Squad you are!):

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* 5. Which type of acquisition/investment doesn't have any existing income?

Core

Value-Add

Opportunistic

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* 6. Which property type focuses on storage and manufacturing?

Retail

Industrial

Multifamily

Office

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* 7. Kyrie Irving bought a property for $800,000. He invested another $90,000 into the property. His target profit is $410,000. How much does Kyrie need to sell the property for to reach his target profit?

$1,210,000

$410,000

$1,250,000

$1,300,000

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* 8. Which property document provides a monthly report of rent collection by unit or unit type?

Property Overview

Rent Roll

Income Statement

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* 9. What is the property type of an apartment?

Retail

Multifamily

Single-family home

Office

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Project M Offering Memorandum

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* 10. What is the property’s annual net rent?

$67,152

$56,400

$51,070

$48,180

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* 11. What is the property’s total revenue?

$49,380

$38,985

$46,238

$57,374

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* 12. What is the property's annual gross rent?

$80,300

$48,180

$67,452

$59,654

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* 13. What is the property’s physical vacancy rate?

14%

29%

43%

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* 14. What is the property's annual vacancy loss?

$19,272

$22,290

$18,561

$16,447

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* 15. What is the property's management fee?

$2,025

$1,355

$2,160

$1,975

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* 16. What is the property's net operating income?

$23,841

$14,789

$17,996

$19,971

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* 17. Based on the listing price, what is the property's implied cap rate?

2.66%

3.24%

4.81%

5.38%

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* 18. Based on the financing proposal, what is the property's annual debt service?
(Hint: The loan is interest-only.)

$15,450

$16,800

$17,000

$17,250

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* 19. What is the property's debt service coverage ratio?

0.96x

1.04x

1.20x

1.27x

Deal of the Week: Memphis

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* 1. Name:

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* 2. Email:

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* 3. Payment Info:

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* 4. What is your Project Destined city or partner organization?

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* 5. Which type of acquisition/investment doesn't have any existing income?

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* 6. Which property type focuses on storage and manufacturing?

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* 7. Kyrie Irving bought a property for $800,000. He invested another $90,000 into the property. His target profit is $410,000. How much does Kyrie need to sell the property for to reach his target profit?

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* 8. Which property document provides a monthly report of rent collection by unit or unit type?

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* 9. What is the property type of an apartment?

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Project M Offering Memorandum

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* 10. What is the property’s annual net rent?

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* 11. What is the property’s total revenue?

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* 12. What is the property's annual gross rent?

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* 13. What is the property’s physical vacancy rate?

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* 14. What is the property's annual vacancy loss?

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* 15. What is the property's management fee?

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* 16. What is the property's net operating income?

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* 17. Based on the listing price, what is the property's implied cap rate?

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* 18. Based on the financing proposal, what is the property's annual debt service?(Hint: The loan is interest-only.)

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* 19. What is the property's debt service coverage ratio?

* 18. Based on the financing proposal, what is the property's annual debt service?
(Hint: The loan is interest-only.)