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1. The subject property sold for $655,000. The appraiser estimated the PGI to be $114,000 and the vacancy and collection loss to be 6%. What
1. The subject property sold for $655,000. The appraiser estimated the PGI to be $114,000 and the vacancy and collection loss to be 6\%. What is the effective gross income multiplier (EGIM)? Enter to two decimal places. 2. If a property has a PGI of $54,000, vacancy and collection losses of 5% (total), and total expenses of $23,000, what is the OER? Enter to four decimal places. 3. What is the value of a property with a PGI of $155,000, vacancy and collection losses of 7%, operating expenses of $55,000, and a debt service of $42,000 per year? The ratio of net income to value is 10%. Round your answer to the nearest $500
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