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Price $300,000 $350,000 $375,000 Effective gross income 50,000 55,000 60,000 % operating expense 50% 4 5% 46 % NOI 25,000 30,000 32,500 . Consider the
Price | $300,000 | $350,000 | $375,000 |
Effective gross income | 50,000 | 55,000 | 60,000 |
% operating expense | 50% | 4 5% | 46 % |
NOI | 25,000 | 30,000 | 32,500 |
. Consider the table above. Assume that the subject property has effective gross income of $53,000 and a NOI of $27,500. What value would a GIM approach yield (rounded to the nearest $100)?
(A) $32 4 ,600
(B) $325,600
(C) $328,600
(D) ) $330,000
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