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27 January, 22:13

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?

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  1. 27 January, 22:17
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    Hello! The answer to your question would be as followed:

    The price of the property would be $550,000 dollars.

    The cap rate is the ratio of Net Operating income to property asset value
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