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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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