Question: Data for five comparable income properties that sold recently are shown in the accompanying table. The cap rate is: Property NOI Sale Price A $70,000

Data for five comparable income properties that sold recently are shown in the accompanying table.

The cap rate is:

Property

NOI

Sale Price

A

$70,000

$1,000,000

B

60,000

900,000

C

73,000

1,200,000

D

76,000

950,000

E

68,500

980,000

  • A. 6.95%
  • B. 8.9%
  • C.15.33%
  • D. 1 8.33%

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