Bruce wanye is interested in purchasing a property with an, Financial Management

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Bruce wanye is interested in purchasing a property with an

Bruce Wanye is interested in purchasing a property with an effective gross income of $56,321 and a net operating income of $30,481. A comparable property has a price of $302,110, effective gross income of $53,567, and an NOI of $27,629. What is an estimate of the sales price using the gross income multiplier approach?

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