Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A 10 unit apartment building backs up to a railroad which shakes the ground and building when trains go by. The rent per month, per

A 10 unit apartment building backs up to a railroad which shakes the ground and building when trains go by. The rent per month, per apartment is $25 less in the appraised property than similar properties where a railroad is not adjacent. A capitalization rate of 8% is used in the income approach. What is the loss in value to the appraised property due to the presence of the railroad right of way being located immediately behind the property? label and show your calculations.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Quantitative Finance: An Object-Oriented Approach In C++

Authors: Erik Schlogl, Dilip B. Madan

1st Edition

1584884797, 978-1584884798

More Books

Students also viewed these Finance questions

Question

Simplify the expressions -98/-14

Answered: 1 week ago

Question

Q 0 5 : Write a C program to print the following pattern:

Answered: 1 week ago