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Suppose your investor is considering purchasing a portfolio of condominiums with the following characteristics: Gross income of $100,000 Vacancy rate of 5% Taxes of $7000
- Suppose your investor is considering purchasing a portfolio of condominiums with the following characteristics:
- Gross income of $100,000
- Vacancy rate of 5%
- Taxes of $7000
- Management fees of $3450
- Repairs of $3000.
- Gross income of $100,000
- Vacancy rate of 5%
- Taxes of $7000
- Management fees of $3450
- Repairs of $3000.
Calculate the Net Operating Income.
What is the Overall Capitalization Rate if the sales price is $1.1 million?
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