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A buyer paid $800,000 for an investment property. the total annual income is $75,000; loss due to bad debt and vacancy is $5,000 a year; and expenses are $1,200 per month in addition to debt service of
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A buyer paid $800,000 for an investment property. the total annual income is $75,000; loss due to bad debt and vacancy is $5,000 a year; and expenses are $1,200 per month in addition to debt service of $2,700 per month. what is the capitalization rate for the property

User Rakslice
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Answer: Real estate appraisals are used by sellers, buyers, and their lenders. Sellers want to ensure that their sale price is not less than the property's worth.

Step-by-step explanation:

User Rupi
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