Real Estate Math
A Vermont property's annual NOI is $54,000. If the cap rate is 6.5%, what is the property's estimated value?
A$720,000
B$830,769✓ Correct
C$831,000
D$650,000
Explanation
Value = NOI ÷ Cap rate = $54,000 ÷ 0.065 = $830,769.
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