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I am looking for an excel formula for this if there is one Emmett buys a hotel in Los Angeles for $12,500,000 because he likes
I am looking for an excel formula for this if there is one
Emmett buys a hotel in Los Angeles for $12,500,000 because he likes the Lakers and hates happiness. The potential gross income from the hotel is $1,600,000. The hotel has rebounded nicely from the pandemic and sees a vacancy of 23%. He also makes $250,000 renting out the parking lot for food trucks each year. What is the cap rate and income multiplier?
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