Three highly similar and competitive income-producing properties within two blocks of the subject property have sold...
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Three highly similar and competitive income-producing properties within two blocks of the subject property have sold this month. All three offer essentially the same amenities and services as the subject property. The sale prices and estimated first-year NOI for eac of the comparable properties are as follows: Comparable A B C Sale Price $500,000 $420,000 $475,000 NOI1 $55,000 $50,400 $53,400 Using the information provided, calculate the overall capitalization rate by direct market extraction assuming each property is equally comparable to the subject. Three highly similar and competitive income-producing properties within two blocks of the subject property have sold this month. All three offer essentially the same amenities and services as the subject property. The sale prices and estimated first-year NOI for eac of the comparable properties are as follows: Comparable A B C Sale Price $500,000 $420,000 $475,000 NOI1 $55,000 $50,400 $53,400 Using the information provided, calculate the overall capitalization rate by direct market extraction assuming each property is equally comparable to the subject.
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Related Book For
Advanced Financial Accounting
ISBN: 978-0137030385
6th edition
Authors: Thomas Beechy, Umashanker Trivedi, Kenneth MacAulay
Posted Date:
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