Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. an income-producing property has a potential annua

An income-producing property has a potential annual gross income of $81,420. Vacancy and collection losses...

60.1K

Verified Solution

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!
Become a Member

Other questions asked by students

Q

ted Assume that lines which 2 L 45 K

Geometry
Q

1.Suppose you pour exactly 15ml of water into a 21.0cm tall cylinder that is 2.80cm in...

Physics
Q

Molarity is defined as the number of moles of solute that are dissolved in 1...

Biology
Q

5 Suppose the potential energy between electron and to find velocity and its value will...

Physics
Q

Next question 10 1 If f x x 0 then f x Get a similar...

Calculus
Q

Turner Inc. began work on a $7,000,000 contract in 2012 to construct an office building....

Accounting
Q

Esquire Products incorporated expects the following monthly sales? Cash sales are 40 percent in a...

Accounting
Q

Halsted Corp. has identified three cost pools in its manufacturing process: equipment maintenance, setups, and...

Accounting
Q

Barney Enterprises manufactures one of the components used to assemble its main company product. Specialty...

Accounting
Q

A1A is a proprietorship that has a calendar fiscal year. The proprietorship begins operations on...

Accounting
Q

Sentaro Company sells luxury clothing goods. The following information is available from the companys inventory...

Accounting
Q

Support Department Cost Allocation-Direct Method Yo-Town Inc. produces yogurt: Information related to the company's yogurt...

Accounting