If a property had a net operating income of $24,000 and the investor wanted an 8% return, how much should he offer for the property?

Name: If a property had a net operating income of $24,000 and the investor wanted an 8% return, how much should he offer for the property?
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Question

Quizplus · Accepted Answer

To find out how much the investor should offer for the property to achieve an 8% return, you divide the net operating income by the desired return rate: $24,000 / 0.08 = $300,000.

If a Property Had a Net Operating Income of $24,000