Sally is looking to buy a triplex she figures she can rent, Ask an Expert

Finance

Sally is looking to buy a triplex. She figures she can rent each of the three units for $2100 per month. She has done some research and has determined net operating expenses to be $40,000 per year. Her desired cap rate is 7%. What is the appraisal value of this property using the income capitalization approach?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M93052293

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