You are interested in purchasing a property with an estimated net operating income (NOI) of $110,000. A recent comparable property recently sold for $150,000. This comparable property had an operating expense percentage of 34% and with an effective gross income of $18,443. 

What is the estimated value of the property you are interested in using the cap rate method?

Answer rating: 100% (QA)

To estimate the value of the property you are interested in using the cap rate method we need to cal... View the full answer