A Property That Is Similar to One That You Are

question 46

Multiple Choice

A property that is similar to one that you are considering buying has just sold for $393,000 and you estimate that it has an NOI of $70,000. Based on this information, what is the cap rate?

• A)10.39%
• B)12.03%
• C)15.92%
• D)17.81%
• E)18.71%

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Definitions:

Cleanliness of Home

The practice of keeping one's living environment clean and free from dirt, clutter, and contaminants to maintain a healthy and pleasant space.

Spotless Perfectionists

those who pursue impeccable cleanliness and precision in everything they undertake.

Slobs

Informal term for individuals who are perceived as being messy, disorganized, and lacking concern for cleanliness.

Temperament Characteristics

Inherent traits that determine an individual's emotional responses and behavioral patterns.