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Comp 1 Comp 2 Comp 3 Price 5300, 000 $350, 000 $375, 000 Effective gross income 50, 000 55, 000 60, 000 9605 `/6 operating

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Comp 1 Comp 2 Comp 3 Price 5300, 000 $350, 000 $375, 000 Effective gross income 50, 000 55, 000 60, 000 9605 `/6 operating expense 5.5%/6 NOI 25, 000 30,000 32.500 Consider the table above . Assume that the subject property has effective gross income of $53, 000 and a NOI of $27, 500. What value would a GIM approach yield ( rounded to the nearest $1001

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