问题
单项选择题
| John Williams wants to purchase an apartment complex. The complex consists of 75 units each renting for $700 per month. The estimated vacancy and collection loss rate is 7 percent. The insurance for the building is $40000 annually and taxes are $22000 annually. Utilities are $18000 and the maintenance expense is $29000. Assume a market cap rate of 11 percent. Recent sales of nearby apartment complexes have resulted in the following information. Characteristics Units Slope Coefficient in $per Unit Proximity to downtown In miles -350000 Vacancy rate Percentage - 50000 Building size Units + 75000 Williams’ proposed apartment complex is 4 miles away from downtown and has an estimated vacancy rate of 6 percent. |
Using the sales comparison approach, the value of the apartment complex is:（）
A. $4060000.
B. $4222000.
C. $3894500.
答案
参考答案：B
解析：
Value = ( - 350000) × 4 + ( - 50000) × 0.06 + 75000 × 75 = 4222000.