Question: The potential buyer of an apartment block has asked an appraiser to do an appraisal of the apartment block in order to determine its market value. The following information has been made available to the appraiser: estimated annual gross realized income is $44,200; estimated long-term vacancy allowance is 4%; estimated annual operating expenses are $17,850. In addition to this information, the appraiser has found a similar property with an effective annual yield of 7.85%. Given the above information, the final estimate of value for the subject property (rounded to the nearest $1,000) on the date of valuation is: Group of answer choices $329,000 $307,000 $323,000 $336,000