Data for five comparable income properties that sold recently are shown below:
Property
|
NOI
|
Sale Price
|
Overall Rate
|
A
|
$ 57,800
|
$ 566,600
|
0.1020
|
B
|
49,200
|
496,900
|
0.0990
|
C
|
63,000
|
630,000
|
0.1000
|
D
|
56,000
|
538,500
|
0.1040
|
E
|
58,500
|
600,000
|
0.0975
|
What is the indicated overall rate (RO)?