Question: Consider the following table. Using the average GIM for the three properties, what value would the GIM approach yield for a property with effective gross

Consider the following table. Using the average GIM for the three properties, what value would the GIM approach yield for a property with effective gross income of $53,000? Comp 1 Comp 2 Comp 3 Gross Income 50,000 55,000 60,000 Sales Price 250,000 262,500 270,750 NOI 25,000 30,000 32,500

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