Real Estate Math
A 4-unit Oregon rental property generates $1,200/month per unit. Annual operating expenses total $24,000. Using a 7% cap rate, what is the estimated value?
A$480,000✓ Correct
B$342,857
C$614,286
D$200,000
Explanation
Annual gross rent = 4 × $1,200 × 12 = $57,600. NOI = $57,600 − $24,000 = $33,600.
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