Assume that the property investor expects NOI to be $55 000, $64 000, and $67 000 for
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Assume that the property investor expects NOI to be $55 000, $64 000, and $67 000 for the next 4 years with a capitalization rate of 11%, a holding period expected to be 32 years with an annual appreciation of 3%, and a sale commission of 6%. Would you buy the property if the owners would like to sell it for $520 000?
Related Book For
Financial accounting
ISBN: 978-0136108863
8th Edition
Authors: Walter T. Harrison, Charles T. Horngren, William Bill Thomas
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