A licensee is working with an investor who is interested in purchasing a small apartment complex. The property has six units rented at $1100 per month. If the cap rate is 7% and Net Operating Income (NOI) is $38,500 - what is the price of the property?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A licensee is working with an investor who is interested in purchasing a small apartment complex. The property has six units rented at ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Which decision-making style is also referred to as the ostrich style
Answers (1)
DS Unlimited has the following transactions during August. August 6 Purchases 88 handheld game devices on account from GameGirl, Inc., for $290 each, terms 1/10, n/60.
Answers (1)
Graciellea is making a persuasive complaint at work. Which of theses sentences will be most effective in achieving goals? a.
Answers (1)
Some colleges charge for student parking. currently, your college does not charge for parking but the administration announced a possible charge of $2 per day.
Answers (1)
On April 31, 2018, Elkhorn Associates borrowed $10 million cash from Colonial Bank and issued a 5-month, noninterest-bearing note, priced to yield an effective interest rate of 10%. The stated discount rate on this loan is: a.
Answers (1)
New Questions in Business
The Nolan Corporation finds it is necessary to determine its marginal cost of capital. Nolan's current capital structure calls for 30 percent debt, 20 percent preferred stock, and 50 percent common equity.
Answers (1)
Gaston owns equipment that cost $17,000 with accumulated depreciation of $3,400. Gaston sells the equipment for $12,200.
Answers (1)
If the supply of loanable funds exceeds the demand then borrowers will bid up the interst rate. True / False.
Answers (1)
The scientific method begins with A. the development of a formal hypothesis. B. the gathering of information. C. the identification of a problem for investigation. D. methodical observation of a phenomenon of interest.
Answers (1)
Charles loves watching downton abbey on his local public tv station, but he never sends any money to support the station during its fundraising drives. economists would call charles afree rider.
Answers (1)