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Subject Comp 1 Comp 2 Comp 3 Price N/A $300,000 $350,000 $375,000 Effective gross income $53,000 $50,000 $55,000 $60,000 operating expense (including capex) $25,500 $25,000
Subject | Comp 1 | Comp 2 | Comp 3 | |
Price | N/A | $300,000 | $350,000 | $375,000 |
Effective gross income | $53,000 | $50,000 | $55,000 | $60,000 |
operating expense (including capex) | $25,500 | $25,000 | $24,750 | $27,600 |
What value would the Direct Capitalization Approach yield (rounded to the nearest $100)? Again, assume that the comparables are equally weighted.
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