Question: Given the following property level data, all expressed on an annual basis, what would be the net operating income used for the income capitalization approach

Given the following property level data, all expressed on an annual basis, what would be the net operating income used for the income capitalization approach to appraisal: Potential gross income: $1,050,000 Vacancy and loss allowance: $45,000 Maintenance and other operating costs: $170,000 Insurance and property taxes: $175,000 Debt service payment: $350,000

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