Real Estate Math
A Vermont commercial property produces $90,000 in annual gross income with a 30% vacancy and expense ratio. At a 6% capitalization rate, what is its value?
A$1,050,000✓ Correct
B$1,500,000
C$892,500
D$900,000
Explanation
NOI = $90,000 × (1 − 0.30) = $90,000 × 0.
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