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You are thinking about purchasing a 'buy-and-hold' real estate investment. Monthly rental income is $960, monthly operating expenses are estimated at $460, and the subject

You are thinking about purchasing a 'buy-and-hold' real estate investment. Monthly rental income is $960, monthly operating expenses are estimated at $460, and the subject area has a capitalization rate of 10%. From a financial perspective, calculate the value (after repair value) based on using the rule of thumb 'Capitalization rate of 10%'. Round off to a whole dollar amount.

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