Real Estate Math
A South Carolina investment property generates $72,000 NOI and sells at a 9% cap rate. What is the sale price?
A$648,000
B$720,000
C$800,000✓ Correct
D$864,000
Explanation
Value = NOI ÷ Cap Rate = $72,000 ÷ 0.09 = $800,000.
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