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Given the following information, calculate the overall capitalization rate: sale price: $693,600; number of apartments: 15; market rent (per unit): $1,000 per month; vacancy and
Given the following information, calculate the overall capitalization rate: sale price: $693,600; number of apartments: 15; market rent (per unit): $1,000 per month; vacancy and collection losses: 10% of PGI; miscellaneous income: $100 per month; operating expenses: 5% of EGI; and capital expenditures: 10% of EGI. (Multiple Choice) 25% 20% 30% 35%
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