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Business, 18.03.2020 19:41 emmilicious
Number one rule of adjusting properties when using the sales comparison apA property is being appraised using the income capitalization approach. Annually, it has an estimated gross income of $48,000, vacancy and credit losses of $3,600, and operating expenses of $15,000. Using a capitalization rate of 8%, what is the property’s value (rounded up to the nearest $1,000)
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