Question: Question 9 (1 point) You are considering purchasing a small income producing property and want to estimate its value. You have constructed an income statement

Question 9 (1 point) You are considering purchasing a small income

Question 9 (1 point) You are considering purchasing a small income producing property and want to estimate its value. You have constructed an income statement and want to analyze it for potential acquisition. According to your assumptions, the property has annual NOI of $90,000. To pay for the property, you are considering taking out a loan of of no more than 70% LTV. Assuming a cap rate of 5.90%, what is the estimated value of this property? Your Answer: Answer Question 10 (2 points) Show and explain how you calculated value in the previous question. Show your math

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