Property Value [0510]

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Effective gross income is $125,000.  If operating expenses are 32% of EGI and the cap rate is 14%, what is the value of the property?

 

Effective Gross Income (EGI)

 

$125,000

Less:  Operating Expenses (OE)

32%

$40,000

Net Operating Income (NOI)

 

$85,000

Rate

 

0.14

Value (NOI ÷ Rate)

 

$607,143

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