You would like to sell your investment property. It currently has an annual net operating income of
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You would like to sell your investment property. It currently has an annual net operating income of $42,674 with a free cash flow of $2,742. You estimate that properties have appreciated at 3.46% over the last year. Your real estate agent has informed you that similar properties have sold for a cap rate of 9.49%. What is your estimated current value of the property?
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Marketing An Introduction
ISBN: 978-0133581584
5th Canadian edition
Authors: Philip Kotler, Valerie Trifts, Lilly Gary Armstrong
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