Question: Consider the table. Assume that the subject property has effective gross income of $53,000 and a NOI of $27,500. What value would a cap rate

Consider the table. Assume that the subject property has effective gross

Consider the table. Assume that the subject property has effective gross income of $53,000 and a NOI of $27,500. What value would a cap rate approach yield (rounded to the nearest $100 )? (Do not round the average NOI as % of price intermediate calculation.) Multiple Choice $322,600 $325,600 $328,600 $330,000

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