Question
An investor wants to purchase an 8-unit apartment building that receives $400/month rent for each unit. The annual operating expense for the apartment building is
An investor wants to purchase an 8-unit apartment building that receives $400/month rent for each unit. The annual operating expense for the apartment building is 6,500. If the investor wants 9% return, what should be the maximum purchase price of the property?
| 1. | 454,344 | |
| 2. | 789,126 | |
| 3. | 354,444 | |
| 4. | 319,000 |
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Report Of Johnstown Flood Finance Committee
Authors: Johnstown (Pa.) Flood Finance Committee, YA Pamphlet Collection
1st Edition
1246561557, 9781246561555
