FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

A 6-unit building in Harrisburg, PA has an asking price of $2,500,000, gross annual rents of $125,000, and annual NOI of $50,000. What is the

A 6-unit building in Harrisburg, PA has an asking price of $2,500,000, gross annual rents of $125,000, and annual NOI of $50,000. What is the annual GRM?

Multiple Choice

.05

20

50

2.5

.02

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Finance questions

Question

82. An instructor who taught two sections of statistics last term, the rst with 20 students and the second with 30, decided to assign a term project. After all projects had been turned in, the...

Answered: 1 week ago

Question

★★★★★
Suppose rRF = 5%, rM = 10%, and rA = 12%. a. Calculate Stock As beta. b. If Stock As beta were 2.0, then what would be As new required rate of return?

Answered: 1 week ago

Question

★★★★★
On December 31,2024 , when the market interest rate is 8%, Kennedy Realty issues $700,000 of 5.25%,10-year bonds payable. The bonds pay interest semiannually. Determ ine the present value of the...

Answered: 1 week ago

Question

★★★★★
6 Forsyth Company manufactures one product, it does not maintain any beginning or ending inventories, and its uses a standard cost system. During the year, the company produced and sold 10,000 units...

Answered: 1 week ago

Question

★★★★★
A manufacturing company has recently outsourced its entire operations processes. Moreover, the CEO has decided to start an e-commerce business model to find a new market to target consumers with...

Answered: 1 week ago

Question

★★★★★
Primary source analysis. There are three newspaper excerpts included in the Election of 1800 section of the lesson. For each source, identify if it was a Republican newspaper (in favor of the...

Answered: 1 week ago

Question

★★★★★
Discuss the ECCO Case. In your discussion, please make sure to address the following questions: What sets ECCO's supply chain apart from their competitors? How do you think that they can improve it...

Answered: 1 week ago

Question

★★★★★
Best Vision is revamping its assembly lines to improve efficiency. As shown below, there are 10 steps to assembling a television set. Best Vision needs to produce 125 televisions in a 40-hour work...

Answered: 1 week ago

Question

★★★★★
Colby Company reports net income of $50,000. For the year, depreciation expense is $15,000 and the company reports a gain of $5,000 from sale of machinery. It also had a $3,000 loss from retirement...

Answered: 1 week ago

Previous Question Next Question