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1. What value would a GIM approach yield (rounded to the nearest $100)? a. $325,000 b. $330,000 c. $328,600 d. $322,600 2. What value would
1. What value would a GIM approach yield (rounded to the nearest $100)?
a. $325,000
b. $330,000
c. $328,600
d. $322,600
2. What value would Capitalization Rate approach yield (rounded to the nearest $100)?
a. $330,000
b. $328,600
c. $325,000
d. $322,600
You wan to value a property that has an effective gross income of $53,000 and a NOI of $27,500. The table below summarized valuation and income of comparable properties. Comp 1 Comp 2 Comp 3 Price $300,000 $350,000 $375,000 Gross Income $50,000 $55,000 $60,000 % Operating Expense 50% 55% $54% Net Operating Income $25,000 $30,000 $32,500 You wan to value a property that has an effective gross income of $53,000 and a NOI of $27,500. The table below summarized valuation and income of comparable properties. Comp 1 Comp 2 Comp 3 Price $300,000 $350,000 $375,000 Gross Income $50,000 $55,000 $60,000 % Operating Expense 50% 55% $54% Net Operating Income $25,000 $30,000 $32,500Step by Step Solution
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