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Need help Do with in half hour with accuracy will give you positive feedback immediately. You want to build a property at a cost of
Need help Do with in half hour with accuracy will give you positive feedback immediately.
You want to build a property at a cost of $650,000 on a vacant lot. The property will have annual NOI of $80,000. The recapture rate over 50 years of the building to be two percent per year. The cap rates for the land is 6%. Assuming the mortgage rate is 5.5%, what is the value of the vacant lot? O $520,833 O $555,622 O $518,687 O None of the given answers O $523,159Step by Step Solution
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