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A property is sold for $200,000. Typical financing terms are an 85% loan with a 10% interest rate over 15 years. If the NOI is
A property is sold for $200,000. Typical financing terms are an 85% loan with a 10% interest rate over 15 years. If the NOI is $18,000, what is the going-out capitalization rate? (Answer in decimals, not percentage. Example: 0.05)
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