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please answer these questions #18-19 Question 18 (1 point) You are using the cost approach (replacement) to value a property. A new home similar to
please answer these questions #18-19
Question 18 (1 point) You are using the cost approach (replacement) to value a property. A new home similar to the property your appraising sells for $400,000. You have been given a table to help in making the final adjustments to your valuation. Carpet replacement cost $10/sq. ft. Tile replacement cost $15/sq. ft. A single furnace has a replacement cost of $5000 20 years - useful life). Roof replacement is $4/sq ft. (useful life 16 years). Based on the inspection data below, what should your property appraise at? There is 1,000 sq. ft. of carpet with no useful life. There is 500 sq. ft. of tile in the front hall and bathrooms that is cracked and will need to be replaced. The furnace is 8 years old. The roof is 2,200 sq.ft. and was replaced 12 years ago. Your Answer: Answer Question 19 (1 point) The River Creek Apt in Brighton can be purchased for $187.000 per unit. It has 8 apartments and is currently generating an NOI of $22,000 on each unit. What is the cap rate of the current building based on data provided? Give your answer in to the nearest tenth percent. If your answer is 13.5% enter 13.5 Your Step by Step Solution
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