Consider the table. Assume that the subject property has effective gross income of $73,000 and a NOI of $37,550. 1) What value would a GIM approach yield (rounded to the nearest $100)? 2) What value would a Cap Rate approach yield?(rounded to the nearest $100) Comp 1 Comp 2 Comp 3 Price 625,000 675,000 697,000 Effective gross 75,000 78,000 77,500 income % operating expense 50% 52% 54% NOI 37,500 38.500 38.250 Upload Choose a File 39% 14 Consider the table. Assume that the subject property has effective gross income of $73,000 and a NOI of $37,550. 1) What value would a GIM approach yield (rounded to the nearest $100)? 2) What value would a Cap Rate approach yield?(rounded to the nearest $100) Comp 1 Comp 2 Comp 3 Price 625,000 675,000 697,000 Effective gross 75,000 78,000 77,500 income % operating expense 50% 52% 54% NOI 37,500 38.500 38.250 Upload Choose a File 39% 14