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A local apartment complex has net operating income of 515,684% with a gross margin of 21.54%. It is currently selling for $9,992,683. What is the

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A local apartment complex has net operating income of 515,684% with a gross margin of 21.54%. It is currently selling for $9,992,683. What is the cap rate for this property? Answer should be formatted as a percent with 2 decimal places (e.g. 99.99). A local apartment complex has net operating income of 515,684% with a gross margin of 21.54%. It is currently selling for $9,992,683. What is the cap rate for this property? Answer should be formatted as a percent with 2 decimal places (e.g. 99.99)

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