Multiple Choice
Mike has decided to purchase a real estate property that is expected to generate a net operating income (NOI) of $63,000 per year.With a 9 percent cap rate,the property would have an estimated value of _____.
A) $630,000
B) $187,000
C) $700,000
D) $965,000
E) $235,000
Correct Answer:
Verified
Correct Answer:
Verified
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