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Lupita Owns an Apartment Worth 2

Question 18

Multiple Choice

Lupita owns an apartment worth 2.6 million.The apartment brings in net income of 42,000,has interest of 6,400,taxes of 18,400 and has depreciation of 250,500.What is the cap rate of the building?


A) 4.6%
B) 6.0%
C) 10.4%
D) 9.6%
E) 12.2%

Correct Answer:

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