Property Valuation
A Georgia property has an annual NOI of $54,000 and a capitalization rate of 6%. What is the estimated value?
A$648,000
B$756,000
C$900,000✓ Correct
D$324,000
Explanation
Value = NOI ÷ Cap Rate = $54,000 ÷ 0.06 = $900,000.
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