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What is the market price this apartment building based on the following information: CAP Rate = 7% Rent = $200,000 Operating Expenses = $125,000 Interest

What is the market price this apartment building based on the following information: CAP Rate = 7% Rent = $200,000 Operating Expenses = $125,000 Interest Expense = $30,000 Annual mortgage payment = $67,456 A. $1,000,000 B. $642,857 C. $1,071,429 D. $937,500

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