-Consider the Table Above

question 34

Multiple Choice

$\begin{array}{rrr}\begin{array}{l}\\Price\\Effective ~gross ~income \\\% ~operating ~expense\\\mathrm{NOl}\\\end{array}\begin{array}{rrr}\text { Comp 1 } & \text { Comp 2 } & \text { Comp 3 } \\\hline \$ 300,000 & \$ 350,000 & \$ 375,000 \\50,000 & 55,000 & 60,000 \\50 \% & 55 \% & 54 \% \\25,000 & 30,000 & 32,500\end{array}\end{array}$
-Consider the table above. Assume that the subject property has effective gross income of $53,000 and a NOI of $27,500. What value would a cap rate approach yield rounded to the nearest $100) ?

• A) $322,600
• B) $325,600
• C) $328,600
• D) $330,000

---

Definitions:

Breathing

The physiological process of inhaling and exhaling air to facilitate gas exchange, primarily oxygen intake and carbon dioxide expulsion.

REM Sleep

A phase of sleep characterized by rapid eye movements and is associated with dreaming and brain activity similar to wakefulness.

Young Adults

Individuals in the age group typically ranging from late teens through the twenties, often characterized by development and exploration in various life aspects.

REM Sleep

stands for Rapid Eye Movement sleep, a phase of sleep during which vivid dreams commonly occur, characterized by rapid movement of the eyes.