The annual income of the property $64,800.
Annual income is the whole price of earnings earned during an economic 12 months. Gross annual income refers to all earnings before any deductions are made, and internet annual earnings refer to the quantity that remains in any case deductions are made.
Annual income is the full cost of profits earned at some stage in an economic yr. Gross annual earnings refer to all income earlier than any deductions are made, and internet annual earnings refer to the amount that remains in spite of everything deductions are made.
A commercial property sold for $564,000
The gim ratio was = 8.7.
Hence, The annual income of the property $64,800.
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