Question: Consider the data in Table A in the data appendix to this exam. Assume that the property you wish to value has effective gross income

Consider the data in Table A in the data appendix to

Consider the data in Table A in the data appendix to this exam. Assume that the property you wish to value has effective gross income of $53,000.00 and a. NOI of $27,500.00 Calculating the cap rate applicable to the property you wish to value as the average of the cap rates given for the three comparable properties in Table A, your estimate for the market value of the property is approximately $322,625.70 $358,600.80 $312,600.70 $345,600.60 $335,890.00 Consider the data in Table A in the data appendix to this exam. Assume that the property you wish to value has effective gross income of $53,000.00 and a. NOI of $27,500.00 Calculating the cap rate applicable to the property you wish to value as the average of the cap rates given for the three comparable properties in Table A, your estimate for the market value of the property is approximately $322,625.70 $358,600.80 $312,600.70 $345,600.60 $335,890.00

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