What Expenses Can You Write Off When You Sell Your Home?
Real Estate Tip:
The Capitalization or Cap Rate for a property is the ratio between its net operating income (NOI) and the property’s value:
Capitalization Rate = Net Operating Income/Value
You can transpose the formula to solve for property value or net operating income:
Property Value = Net Operating Income/Capitalization Rate
Net Operating Income = Property Value*Capitalization Rate
Real Estate News:
US Home sales in September rose for the first time since May.