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A property recently sold for $444,000 and had $65,700 in potential gross income for the following year. The operating expenses were 33.0% of the effective
A property recently sold for $444,000 and had $65,700 in potential gross income for the following year. The operating expenses were 33.0% of the effective gross income. The vacancy and collection loss were estimated at 5.0%. What is the overall capitalization rate (round to the nearest tenth decimal)?
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