You have identified a rental property that you would like to purchase. If your cap rate is
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You have identified a rental property that you would like to purchase. If your cap rate is 12 percent and you estimate the property’s NOI to be $190,000, what is the maximum price you would pay?
a. $22,800
b. $190,000
c. $1.58 million
d. $15.8 million.
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Related Book For
Fundamentals Of Investments Valuation And Management
ISBN: 9781266824012
10th Edition
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
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