Question 15 (1 point) You are considering purchasing a small income producing property. You have constructed an income statement and want to analyze it for potential acquisition. According to your assumptions, the property has annual NOl of $25,900. To pay for the property, you are considering taking out a loan of of no more than 70% LTV. Assuming a cap rate of 5.40%, what is the estimated value of this property? Your Answer: Answer Question 15 (1 point) You are considering purchasing a small income producing property. You have constructed an income statement and want to analyze it for potential acquisition. According to your assumptions, the property has annual NOl of $25,900. To pay for the property, you are considering taking out a loan of of no more than 70% LTV. Assuming a cap rate of 5.40%, what is the estimated value of this property? Your