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Given the following information, what would be the appraised value of an apartment unit having annual gross rental income of $75,000 and operating expenses of

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Given the following information, what would be the appraised value of an apartment unit having annual gross rental income of $75,000 and operating expenses of $20,000? Assume all comparables are of equal weight. Comparable Property Sales Monthly Net Operating Sale Price Rental Income 1 $430,000 $5,700 $38,435 $475,000 $6,600 $12,550 $515,000 $7,200 $46,134 1 2 3

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