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Information Use this information about a certain property to answer question: Projected Year 1 NOI: $100,000. Projected Year 11 NOI: $121,899. Projected Year 10 resale
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Use this information about a certain property to answer question:
Projected Year 1 NOI: $100,000.
Projected Year 11 NOI: $121,899.
Projected Year 10 resale (reversion) value: $1,523,738.
Current (going-in) market cap rate for similar properties: 7%.
What is the current market value of the property?
Question options:
$7,000. | |
$1,000,000. | |
$1,428,571. | |
$1,741,414. |
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