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Consider the table. Proposed Property Comp1 $340,000 $60,000 52% $31,200 Price Effective Gross Income Percent Operating Expense Net Operating Income (NOI). Comp 2 $380,000 $74,000
Consider the table. Proposed Property Comp1 $340,000 $60,000 52% $31,200 Price Effective Gross Income Percent Operating Expense Net Operating Income (NOI). Comp 2 $380,000 $74,000 55% $40,700 $64,000 $34,560 Based upon the proposed property's effective gross income and NOI, what would be the value of the property, using the gross income multiplier approach
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