Suppose the investor in me previous problem is concerned that the subject property may be more expensive to operate than the comparable properties. Analysis of the operating expenses for each of the properties reveals the following net income estimates: Subject Property $52, 400 Comparable 1 $65, 600 Comparable 2 $47,000 Compute the capitalization rate implied by these transactions to estimate the value of the subject property by the net income capitalization technique. Suppose the investor in me previous problem is concerned that the subject property may be more expensive to operate than the comparable properties. Analysis of the operating expenses for each of the properties reveals the following net income estimates: Subject Property $52, 400 Comparable 1 $65, 600 Comparable 2 $47,000 Compute the capitalization rate implied by these transactions to estimate the value of the subject property by the net income capitalization technique