Question
Klark Cent has a subject property in mind with an effective gross income of $52,672 and a NOI of $26,980. Assuming a comparable property has
Klark Cent has a subject property in mind with an effective gross income of $52,672 and a NOI of $26,980. Assuming a comparable property has a price of $295,318, effective gross income of $48,497, and an NOI of $24,265, what value would a capitalization rate approach yield as the sales price?
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Personal Financial Planning
Authors: Lawrence J. Gitman, Michael D. Joehnk, Randy Billingsley
13th edition
1111971633, 978-1111971632
