Consider the table above. Assume that the subject property has effective gross income of $53,000 and a NOI of $27,500. What value would a cap rate approach yield? A property produces a first year NOI of $100,000 which is expected to grow by 2% per yeah Ifthe property is expected to be sold in year 10, what is the expected sale price based on a terminal capitalization rate of 9.5% applied to the eleventh year NOI? A property is purchased for $15 million. Financing is obtained at a 75% loan-to—value ratio with total annual payments of $1,179,000. The property produces an NOI of $1,400,000. What is the equity dividend rate? A property that produces an annual NOI of $100,000 was purchased for $1,200,000. Debt service for the year was $95,000 of which $93,400 was interest and the remainder was principal. Annual depreciation is $38,095. What is the taxable income?