A property that is similar to one that you are considering buying has just sold for $393,000 and you estimate that it has an NOI of $70,000. Based on this information, what is the cap rate?
A)10.39%
B)12.03%
C)15.92%
D)17.81%
E)18.71%

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The Answer of A property that is similar to one that you are considering buying has just sold for $393,000 and you estimate that it has an NOI of $70,000. Based on this information, what is the cap rate?
A)10.39%
B)12.03%
C)15.92%
D)17.81%
E)18.71%

A Property That Is Similar to One That You Are