Question
A rental property is for sale for $2,000,000. Currently the building generate $30,000 rent revenue per month and its operating cost is $1,000 per month.
A rental property is for sale for $2,000,000. Currently the building generate $30,000 rent revenue per month and its operating cost is $1,000 per month. calculate What is the Cap Rate for this property.
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Horngrens Financial and Managerial Accounting
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
5th edition
9780133851281, 013385129x, 9780134077321, 133866297, 133851281, 9780133851298, 134077326, 978-0133866292
