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

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Consider the table. Assume that the subject property has effective gross income of $73,000 and a NOI of $37,550. 1) What value would a GIM approach yield (rounded to the nearest $100)? 2) What value...

TB MC Qu. 10-21 Consider the table. Assume that the... Consider the table. Assume that the subject property has effective gross income of $53,000 and an NOI of $27,500. What value would a GIM...

Comp 1 Comp 2 Comp 3 Price 5300, 000 $350, 000 $375, 000 Effective gross income 50, 000 55, 000 60, 000 9605 `/6 operating expense 5.5%/6 NOI 25, 000 30,000 32.500 Consider the table above . Assume...

Using The Table: Answer: Consider the table above. Assume that the subject property has effective gross income of $53,000 and a NOI of $27,500. What value would a GIM approach yield? Consider the...

Exercises K, L, M j. Consider Johnson & Johnson's "Other benefits" plans, as detailed on page 62 of the company's annual report. i. What is the total obligation for other benefits at December 2007?...

I need full detailed and explained answers of attached documents with formula (FORMULA is very important for ) me real estate Finance and Investment chapter 10 Test Bank questions. MULTIPLE CHOICE I...

Consider the table. Assume that the subject property has effective gross income of $53,000 and an NOI of $27,500. What value would a GIM approach yield (rounded to the nearest $100)? Price Effective...

A subject commercial property has expected first-year effective gross income (EGI) of $1.1 million and first-year net operating income (NOI) of $495,000. You have found the following information for...

Under current U.S. GAAP, Johnson & Johnson includes on its balance sheet the net funded status of its retirement plans. Consider the balance sheet effects of instead including the gross assets of...

Royal Bank of Canada is the company... im not sure how to do this and could use any kind of help! Project Write-Up . Page 1: Introduce the company's most recent year, by writing a short paragraph....

The product, price, promotion and logistics variables may be viewed by the channel manager as resources in helping secure a higher level of channel member cooperation. Discuss the statement.

A Cottrell precipitator consists of a column containing electrodes that are connected to a high-voltage direct current (DC) source. The Cottrell precipitator is placed in smokestacks to remove smoke...

" Eenie " 0 . 4 5 2 0 % " Meenie " 0 . 7 5 1 8 % " Miney " 1 . 0 5 3 5 % " Moe " 1 . 2 0 2 5 % Assume that the riskminus free rate of interest is 3 % and you estimate the market's expected return to...

Question 2 2 When trying to identify problems and define their causes, asking ive times is a helpful tool. A . when B . how C . why D . what

Do your professors use consistent standards in terms of the work they require in their courses and the performance appraisal grades they give? Or do some professors require more work than others? Do...

Can a multinational company have one organizational culture, or does it need to have different cultures based on its business unit in each country?

Analysts have called for a change in GoPros top management, in particular, its founder, Nick Woodman. Why do you think the firm has not made that change?