If properties are residential properties, what is the Gross Income Multiplier for Property 2?

A. 12.1

B. 10.27

C. 1 5.27

D. 9.7

What is the Cap Rate of Property 3?

A. 7.50

B. 10.21

C. 9.89

D. 8.19

Using the cap rate of Property 3, what selling price should be set for the Subject property?

A. $1, 092,012

B. 987,098

C. 875,003

D. $606,673

Fred purchased a small retail center for $350,000. Fred placed $100,000 down and obtained an interest-only loan for $250,000 at 10% annual interest. At the end of one year, the building was sold for $410,000. How much money did Fred gain on this investment?

A. $60,000

B. $35,000

C. $45,000

D. $25,000