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An income-producing property has $80,860 annual gross income and monthly expenses of $1,530. What is an estimate of the propertys value using a 10% capitalization
An income-producing property has $80,860 annual gross income and monthly expenses of $1,530. What is an estimate of the propertys value using a 10% capitalization rate?
$183,600
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$441,400
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$609,700
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$625,000
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