FINC 371 assignments exam 2 Workout problems

FINC 371 assignments exam 2 Workout problems
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1. NOI EGI Selling price
Property 1
82,000 122,000 1,250,600

Property 2
75,000 111,500 1,146,300

Property 3
94,000 140,000 1,433,600

Subject
60,000 108,000 ??


What is the value of the subject property by the direct capitalization tech-
nique?

$522,000
$417,100
$618,600
$909,100: 909,100
2. Reproduction Cost: $115,000
Replacement Cost: $100,000
Accrued Tax Depreciation: $60,000
Accrued Economic Depreciation: $45,000
Value of the Land (unimproved): $12,000
If the above information describes a unique property of historical significance,
what is the value by the cost approach?

$82,000
$67,000
$32,000
$52,000: 82,000
3. NOI EGI Selling price
Property 1
82,000 122,000 1,250,600

Property 2
75,000 111,500 1,146,300
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