Question
A property is purchased for $7.7 million and has a Year 1 Effective Gross Income of $760,000 and Operating Expenses of $275,000. What is the
A property is purchased for $7.7 million and has a Year 1 Effective Gross Income of $760,000 and Operating Expenses of $275,000. What is the going in cap rate (%) of this investment? (Round to 1 decimal, e.g., for 5.31% enter 5.3)
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Financial Management Principles And Applications
Authors: Arthur J. Keown
9th Edition
013033362X, 9780130333629
