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A buyer is planning to purchase a 4 - plex. They believe rent will be $ 1 , 1 0 0 each month per unit.

A buyer is planning to purchase a 4-plex. They believe rent will be $1,100 each month per unit. They assume a vacancy rate of 5%, $5,500 in property taxes, and annual maintenance of $12,000. To achieve an 8% return on their investment. how much would they pay for the property?
A.$408,250
B. $477,000
C. $627,000
D. $660,000

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