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
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