An income-producing property has a potential annual gross income of $81,420. Vacancy and collection losses...
60.2K
Verified Solution
Link Copied!
Question
Finance
An income-producing property has a potential annual gross income of $81,420. Vacancy and collection losses are estimated at 10% of potential gross income. Expenses are estimated at $40,000. The estimated value of the property is $250,000. The cap rate for this property is:
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
