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Using the Net Operating Income / Cap Rate = Value formula, given the following information, calculate the overall capitalization rate. Sales price: $1,200,000. Potential Gross

Using the Net Operating Income / Cap Rate = Value formula, given the following information, calculate the overall capitalization rate.

Sales price: $1,200,000.

Potential Gross Income: $250,000.

Vacancy and Collection Losses: $60,000.

Operating Expenses: $70,000.

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