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Calculate the overall capitalization rate: sale price: $ 9 7 3 , 6 3 9 potential gross income: $ 1 9 9 , 1 8

Calculate the overall capitalization rate:
sale price: $973,639
potential gross income: $199,188
vacancy and collection losses: $29,912
operating expenses: $47,400
Report your answer as ___%. Given the following information, calculate the net operating income assuming above-line treatment of capital expenditures:
property: 6 office units
contract rents per unit: $2,250 per month
vacancy and collection losses: 17%
operating expenses: $49,000
capital expenditures: $4,500
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