Mr Banks Has Asked You to Estimate the Value of an Income-Producing

question 27

Multiple Choice

Mr. Banks has asked you to estimate the value of an income-producing property that he estimates to have gross potential income of $393,000 and a vacancy rate of 10%. The operating costs are expected to be $193,000 per year. You have found that a similar property with an NOI of $55,000 recently sold for $375,000.

• A)$160,700
• B)$375,000
• C)$1,095,682
• D)$1,123,392
• E)$1,883,277

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