You are appraising a four-bungalow residential property built in the 1970s as illustrated above. The tout bungalows are all identical and one-story each rented for $200/SF each. The property also includes a rectangular covered carport area, to the right of the bungalows which accommodates eight vehicles. Parking charges are $25 per month per vehicle and the spaces have always been fully leased. The property is 100% occupied, which is higher than the market average of 95%. Operating expenses are as follows Property Taxes are $4.50/LF, Insurance is $0.50/L Utilities are $1.25/LF. Maintenance S0.757SF management is 3% of EGI, reserves is 2% of EGI, and the capitalization rate is at 6.00% The buyer is purchasing the property with 30% cash down and obtaining financing for 20 of the purchase price. The mortgage obtained was for 25 years at 40% interest rate What is the guity dividend rate? Note LF means livable AME B You are appraising a four-bungalow residential property built in the 1970s as illustrated above. The tout bungalows are all identical and one-story each rented for $200/SF each. The property also includes a rectangular covered carport area, to the right of the bungalows which accommodates eight vehicles. Parking charges are $25 per month per vehicle and the spaces have always been fully leased. The property is 100% occupied, which is higher than the market average of 95%. Operating expenses are as follows Property Taxes are $4.50/LF, Insurance is $0.50/L Utilities are $1.25/LF. Maintenance S0.757SF management is 3% of EGI, reserves is 2% of EGI, and the capitalization rate is at 6.00% The buyer is purchasing the property with 30% cash down and obtaining financing for 20 of the purchase price. The mortgage obtained was for 25 years at 40% interest rate What is the guity dividend rate? Note LF means livable AME B