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:

Intimacy

The feeling of being close and emotionally connected to someone, allowing for a deep level of sharing and trust.

Generativity

A concern for establishing and guiding the next generation, often expressed through parenting, caregiving, and contributing to society at large.

Free Radical Theory

A concept that proposes aging in living beings is due to the gradual accumulation of damage caused by free radicals in cells.

Oxygen Molecules

Essential components of the air, consisting of two oxygen atoms bonded together (O2), crucial for the process of cellular respiration in living organisms.