Real Estate Math
A property has an EGI of $145,000, operating expenses of $55,000, and a cap rate of 7%. What is the value?
A$1,285,714✓ Correct
B$1,000,000
C$1,450,000
D$1,071,429
Explanation
NOI = $145,000 − $55,000 = $90,000. Value = $90,000 ÷ 0.
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