Question: Given the following information, what would be the appraised value of an apartment unit having annual gross rental income of $75,000 and operating expenses of

Given the following information, what would be the appraised value of an apartment unit having annual gross rental income of $75,000 and operating expenses of $20,000? Assume all comparables are of equal weight. Comparable Property Sales Monthly Net Operating Sale Price Rental Income 1 $430,000 $5,700 $38,435 2 $475,000 $6,600 $42,550 3 $515,000 $7,200 $46,134

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 Accounting Questions!

Ch. 9 - Buy and Hold: Worksheet to calculate NOI Name: Read the information below and fill in the monthly amounts that follow: You find a 4-unit apartment building that needs some work. Similar...

The Rams Real Estate Limited Partnership (Rams) was formed on January 1, 2000 to purchase, construct, and manage residential real estate. Cash in the amount of $500,000 was initially contributed to...

..Answer the following questions.,, Case II - Godiva Case Any of irrelevant information to the question below, you can ignore from the description. This case is updated or continued from the first...

SECTION A [100 MARKS] Answer ALL the questions in this section. QUESTION ONE Bella Limited has examined the use of a new product which is assumed to improve profitability. You are required to analyse...

Question 1 Given the following information: Property value Loan = .75 x Property Value Annual Loan Payment (3% annual interest, over 20 years) Item Potential gross income (PGI) Vacancy and collection...

People Angus Cartwright IV was an investment advisor based in Arlington, Virginia, the home of many members of the DeRight family. In September 2013 his attention focused on the needs of two cousins...

Josh Wainright, an investment advisor, is based in Chicago, Illinois, the home of many members of the DuPage family. In January 2016 his attention focused on the needs of two cousins at different...

QUESTION 2 25 MARKS Assume a dividend withholding tax of 20% and a company income tax rate of 28%. Value-added tax can be ignored. Denny Pest Control Ltd ('DPC') is a company situated in Johannesburg...

Albert Gaxtac and his wife Allison are married and file a joint return for 2020. The Gaxtaca live at 12340 Cocoshell Road, Coral Gables, FL 33134. Captain Gaxter is a charter fishing boat captain but...

The manager of a service station claims that the mean amount spent on gas by its customers is $15.90 per visit. You want to test if the mean amount spent on gas at this station is different from...

Suppose that because of a technological breakthrough a firm that uses labor and capital to produce its output is able to double its production for any given amounts of inputs. What happens to the...

Use the pull - down menu and select the correct term that matches with its definition / clue . ALL terms will be utilized just ONCE. TermDefinition / ClueAnswer 1 AOCIArticles of incorporationBasic...

In BUS - 2 0 4 3 - MW 0 1 S . 2 4 SP: Ex Exam I ( page 1 6 of 5 0 ) | Mooc Relaunch to update A company considers giving back to communities in which it operates as an appropriate part of its...

Explain global human resource management.

Describe the grievance procedure in a union environment.

Discuss whistleblower protection under OSHA.