Problem 1: A house sells for $1159361 while the gross rent is $96916 per year, expenses for the house including rates are $14317 and the investor's personal costs such as the mortgage repayments are $6524 per year. What is the capitalization rate?
Show your answer to two decimal places as a percentage e.g., 5.01% if that happened to be the correct answer.
Problem 2: You have a property that sells in total for $1097959 while the land value is $619212, other site improvements $36396 and the chattels are $30219. The mortgage payments for the owner are $3000 per month. If the floor area is 224.1/m2, what is the net rate?
Round your answer to the nearest dollar e.g., place in the box a number like 2156, if that happened to be the correct answer.
Problem 3: We learned about the unit meter frontage method for the valuation of single house sections. A vacant site sells for $640449 while the depth percentage is 106%, frontage 23.4 meters. What are the street units?
Round your answer to the nearest dollar e.g., 25,345 if that happened to be the correct answer.