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A property has a sale price of $402333 and a gross rental income of $59684. Annual operating expenses and mortgage repayments are $7369 and $19928,
A property has a sale price of $402333 and a gross rental income of $59684. Annual operating expenses and mortgage repayments are $7369 and $19928, respectively. Calculate the capitalisation rate. (Please type your answer in decimals and round your answer to four decimal places. For example, 10.11% should be 0.1011.)
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