Question
Three highly similar and competitive income-producing properties within two blocks of the subject property have sold this month. All three offer essentially the same amenities
Three highly similar and competitive income-producing properties within two blocks of the subject property have sold this month. All three offer essentially the same amenities and services as the subject property. The sale prices and estimated first-year NOI for each of the comparable properties are as shown below.
b) If next years NOI is expected to be $65,000, what is the indicated value for the subject property? SHOW YOUR WORK.
| Comparable | Sale Price | NOI 1 |
| A | $470,000 | $68,000 |
| B | $430,000 | $59,500 |
| C | $455,000 | $51,600 |
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The Audit Value Factor Making Managements Head Turn Internal Audit And IT Audit Series
Authors: Daniel Samson
1st Edition
1138198129, 978-1138198128
