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Meandering Stream Properites has gross rental income of $970,000, a 7% vacancy and collection rate, and $540,000 in operating expenses. Depreciation for the most recent
Meandering Stream Properites has gross rental income of $970,000, a 7% vacancy and collection rate, and $540,000 in operating expenses. Depreciation for the most recent year was $56,000. If the captitalization rate for similar properties is 7.5%, what is the intrinsic value of Meandering Stream Properties? $4,081,333 $4,828,000 $5,268,995 $5,733,333
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