Real Estate Math
A Nevada investor owns a property with an annual NOI of $80,000 and a cap rate of 6.5%. What is the estimated market value?
A$1,100,000
B$1,200,000
C$1,230,769✓ Correct
D$1,300,000
Explanation
Value = NOI / Cap Rate = $80,000 / 0.065 = $1,230,769.
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