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You are looking to purchase a building on Jan 1, 2018. The building pays out NOI of $1,500 on Dec 31, 2018 and pays out
You are looking to purchase a building on Jan 1, 2018. The building pays out NOI of $1,500 on Dec 31, 2018 and pays out NOI of $1,600 of Dec 31, 2019. After the NOI is paid, you expect to sell the building for cash on Dec 31, 2019 at a 6% cap rate based on the 2019 NOI resulting in a sales price of $26,666.00. What do you pay for the building to earn a 4.00% IRR? $26,893.23 O $27,576.43 $27,103.45 $28,154.90
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