An apartment building has 10 units, each of which rents for $550 per month. The vacancy rate is projected to be 4% and operating expenses are projected to be 38% of effective gross income. Estimate the property value using a "cap rate" of 11%. Simply divide the NOI by. 11.
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Home » Business » An apartment building has 10 units, each of which rents for $550 per month. The vacancy rate is projected to be 4% and operating expenses are projected to be 38% of effective gross income. Estimate the property value using a "cap rate" of 11%.