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Q4 (2018) please expalin step by step the details in you solution! thanks in advance! Question 4 you have asked to estimate the value of
Q4 (2018) please expalin step by step the details in you solution! thanks in advance! Question 4 you have asked to estimate the value of the subject property that has gross rental income of $130,000 and a NOI of $58,000. A summary of transaction data on three comparable market is in the table below. Based on two methods that are frequently used in the Income approach your task is to estimate the value of subject property. Which method give the highest value?(Ch10) b) the subject property has a rentable area of 1,500 Sqm, construction costs amount to $30/sqm. Estimated economic life of building is 50 years. Economic depreciation in terms on negative changes in the neighborhood is estimated to $1000 and based on the sales comparison approach the estimated value of the land amounts to 10,000 . Current age of the building is 10 years. Based on the cost Approach your task is to estimate the value of the subject proper
please expalin step by step the details in you solution!
thanks in advance!
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