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Linda_us, Finance, Accounts & Homework Tutor
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A group of students recently received $1,000,000 and would

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A group of students recently received $1,000,000 and would like to invest in a real estate project with the following financial profile: Gross Rents: $500,000, Vacancy and bad debt rate: 5%, Operating Expenses: $385,000. If the prevailing cap rate in this community is 10%, what would be the market value (or reasonable purchase price) of this proerty based on net operating income?
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