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Mr. Jackson owns an apartment building that produces an Potential Gross income of $95,000 per...

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Finance

Mr. Jackson owns an apartment building that produces an Potential Gross income of $95,000 per year. Vacancy is 5% What would be the value be, given operating expenses of $36,000 and an overall capitalization rate of 8%?

Select one:

A. $678,125

B. $1,128,125

C. $1,637,500

D. $605,722

Answer & Explanation Solved by verified expert
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