Property Management

The capitalization rate used by Louisiana investors to value a property indicates:

AThe property's annual appreciation rate
BThe relationship between the property's net operating income and its market value — the investor's expected return before financing✓ Correct
CThe landlord's management fee percentage
DThe local property tax rate

Explanation

The cap rate (NOI ÷ Value) indicates the unlevered annual return an investor expects from a property based on its income relative to its price. Higher cap rates generally indicate higher risk or lower-quality locations.

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