Question
Consider the following table. Using the average GIM for the three properties, what value would the GIM approach yield for a property with effective gross
Consider the following table. Using the average GIM for the three properties, what value would the GIM approach yield for a property with effective gross income of $53,000?
Comp 1 Comp 2 Comp 3
Gross Income 50,000 55,000 60,000
Sales Price 250,000 262,500 270,750
NOI 25,000 30,000 32,500
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International Financial Management
Authors: Jeff Madura
3rd Edition
0314862722, 978-0314862723
