Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. re 140 - chapter 13/14 exercise - show all work in

RE 140 - Chapter 13/14 Exercise - Show all work in determining your answers Income...

60.1K

Verified Solution

Question

Finance

image
RE 140 - Chapter 13/14 Exercise - Show all work in determining your answers Income Approach - Gross Rent Multiplier (GRM) The subject property you are appraising is a triplex with 3 identical units renting for $1.450/month each. The recent triplex comparables you have found are: 1) S616,500 : $1,500/unii monthly rent for all 3 units 2) $566,000 ; monthly rents are $1,400 for Unit 1, $1,475 for Unit 2, & $1,375 for Unit 3 3) $602,000 ; monthly rents are $1,475 for Unit 1, $1,500 for Unit 2.& $1,455 for Unit 3 All rents are considered to be at current market levels. Using a Gross Rent Multiplier (GRM), estimate the value of the subject property Income Approach - Capitalization Rate An apartment building has 26 identical units with a market rent of $1,100 per month Historic vacancies and bad debt loss have been 8%. Annual operating expenses are estiynated to be $137,300. Cap rates for similarly sized apartment buildings is estimated to the 6.5%. With this information, estimate the value of the apartment building 27 tv 4 MacBook Pro

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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Medical Sciences
1.2K views

Explain Homeostasis and its role as a Negative Feedback System. Write out a specific example, making...

Finance
1.2K views

Business risk?is typically described as the exposure a?company?or organization has to a number of factors that may lower the company’s profits, which may trigger a...

Biology
1.2K views

True False Question 10 1 point Listen You should always fill up the solution to...

Physics
1.2K views

A large motor in a factory causes the floor to vibrate up and down at...

Physics
1.2K views

When a disc rotates with uniform angular velocity which of the following is not true...

Accounting
1.2K views

Cundo son ms efectivos los vendedores? Seleccione uno: O a. cuando se enfocan ms en...

Accounting
1.2K views

******, Inc issued bonds with a $119,000 par value, 10-year life at a stated price...

Accounting
1.2K views

hree entrepreneurs were looking to start a new brewpub near Sacramento, California, called Roseville Brewing...

Accounting
1.2K views

Select Year to Date Financial Figures Tickets Sold YTD: 10,000,000 airline tickets

Finance
1.2K views

The interest rate on one-year Treasury bonds is 0.7 percent, the rate on two-year Tibonds...

Accounting
1.2K views

how is the trial balance used to discover errors?

Finance
1.2K views

Suppose Nabisco Corporation just issued a dividend of $2.86 per share yesterday. Subsequent dividends will...