Real Estate Math
A Wisconsin property has $82,000 NOI and sells at a 6.8% cap rate. What is the value?
A$1,100,000
B$1,176,471
C$1,205,882✓ Correct
D$1,250,000
Explanation
Value = NOI / Cap Rate = $82,000 / 0.068 = $1,205,882.
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