What is an estimate of the sales price using the gross, Financial Management

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What is an estimate of the sales price using the gross

Bruce Wanye is interested in purchasing a property with an effective gross income of $55,430 and a net operating income of $31,401. A comparable property has a price of $302,201, effective gross income of $53,993, and an NOI of $27,160. What is an estimate of the sales price using the gross income multiplier approach?

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