3811 Mosley Ave 24 Unité Immeuble d’appartements 4 401 690 $ CAD (183 404 $ CAD/Unité) 7% Taux de capitalisation Jackson, MS 39206

The subject property is recently renovated and will be fully occupied within thirty days due to
overwhelming market demand. The subject property has twenty-five renovated apartments with
market rents of $1,200 per unit, resulting in an annual gross income of $360,000. We have
conservatively estimated the vacancy rate at 10%, indicating an effective gross annual income of
$324,000. We have very conservatively estimated expenses at 35% of effective gross income,
even though everything is fully renovated. The estimated annual net income is $210,600. We
have applied a 7% capitalization rate on this investment-grade property to estimate the value at
$3,000,000. Please note that the below-listed comparable sales support the subject property’s
asking price. Additionally, the cost to build the new property would be more than $6,000,000,
not counting the land, which serves as a barrier to competition from new development