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You have been asked to analyze a mixed use property with Potential Gross Income in the first year to be $487,500; vacancy and collection losses

You have been asked to analyze a mixed use property with Potential Gross Income in the first year to be $487,500; vacancy and collection losses to be 11% of scheduled income and annual expenses of taxes and insurance $64500, maintenance $88450, advertising and administrative $32,900 (includes salaries). Calculate, OER (percentage with 1 decimal place)?

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