Real Estate Math
A NH property has a $3,200/month gross rent and 10% vacancy. Annual operating expenses are $9,800. At a 7% cap rate, what is the indicated value?
A$408,000
B$437,143
C$353,714✓ Correct
D$395,571
Explanation
Annual PGI = $3,200 × 12 = $38,400. EGI = $38,400 × 0.
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