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QUESTION 9 Comp 1 $300,000 Comp 2 $350,000 Comp 3 $375,000 Pnce Effective gross income % operating expense NOI 50,000 50% 25,000 55,000 55% 30,000
QUESTION 9 Comp 1 $300,000 Comp 2 $350,000 Comp 3 $375,000 Pnce Effective gross income % operating expense NOI 50,000 50% 25,000 55,000 55% 30,000 60,000 54% 32,500 Consider the table above. Assume that the subject property has effective gross income of $53,000 and a NOI O $27,500. What value would a cap rate approach yield (rounded to the nearest $100)? O A $330,000 OB $325 600 OC $322 600 OD $328,600
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