Based On The Following Information, Salaries And Wages: $18,944 Utilities: $4,726 Net Rental Income: $262,968 Real Estate Taxes: $28,273 General & Administrative: $18,921 Other Income: $15,435 Repairs And Maintenance: $30,459 Using The NOI You Calcula
Based on the following information,
- Salaries and Wages: $18,944
- Utilities: $4,726
- Net Rental Income: $262,968
- Real Estate Taxes: $28,273
- General & Administrative: $18,921
- Other Income: $15,435
- Repairs and Maintenance: $30,459
Using the NOI you calculated in question #3, calculate:
- The sale price of a property if an 8.5% cap rate were used(round to nearest dollar).
- If a potential investor were looking for a 6% capitalizationrate, what would the sale price be (round to nearest dollar)
