Real Estate Math
A property has a net operating income of $45,000 and sells at a cap rate of 6%. What is the sale price?
A$270,000
B$450,000
C$750,000✓ Correct
D$900,000
Explanation
Sale Price = NOI ÷ Cap Rate = $45,000 ÷ 0.06 = $750,000.
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