Solved: Suppose a property worth 10 million in the marketplace, Basic Statistics

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Suppose a property worth 10 million in the marketplace

Question: Suppose a property worth $10 million in the marketplace provides an initial annual gross income of $2 million and a net income of $1 million. What is the GIM, and what is the cap rate prevailing in the property market for this type of property?

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Basic Statistics: Suppose a property worth 10 million in the marketplace

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