Reference no: EM132920500
Given the following information, what is tthe capitalization rate? (Enter your answer as a percentage WITHOUT the % symbol. For instance, enter 10.00 for 10.00%.)
Net Operating Effective Gross
Income (NOI) Income (EGI) Selling Price
Property 1: $ 82,000 $ 122,000 $ 1,250,600
Property 2: $ 75,000 $ 111,500 $ 1,143,300
Property 3: $ 94,000 $ 140,000 $ 1,433,600
Subject: $ 60,000 $ 108,000 $ ________