Real Estate Math
A Missouri commercial property generates annual NOI of $105,000. At a 7% cap rate, its estimated value is:
A$735,000
B$1,050,000
C$1,500,000✓ Correct
D$7,350,000
Explanation
Value = NOI / Cap Rate = $105,000 / 0.07 = $1,500,000.
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