Put simply, cap rate measures a property’s yield in a one-year time frame. This makes it easy to compare one property’s cash flow to another – without taking into account any debt on the asset. In short, it provides the property’s natural, unlevered rate of return. Another way to think about it as a measure of risk in the deal.Dec 5, 2022 · Cap Rate Summary. The capitalization rate is a profitability metric used to determine the return on investment of a real estate property. The formula for the capitalization rate is calculated as net operating income divided by the current market value of the asset. The capitalization rate can be used to determine the riskiness of an investment ... tedooo In an IUL product, the cap rate is the highest crediting rate possible regardless of the actual index return. On the flip side, there's a minimum, often 0%.A cap rate, or a capitalization rate, is a metric used in real estate to measure the expected return on a property. The cap rate is a function of the value of the property relative to the operating income the property generates on a forward basis. A cap rate is reflective of the riskiness of an asset so higher cap rates imply higher risks.At this moment, we can't calculate the market cap as we don't have the best approximation of the circulating supply. However, using the total supply as of Feb 20, The market capitalization of Secret Skellies Society will be $21.1 Thousand. safeunlocks. com If you are borrowing 80% at a 10% interest rate and are trying to buy the property at a 7% cap rate, you will have a large negative cash flow. On the flip side, if you are borrowing 80% at a 4% interest rate on a 7% cap rate, you should have a positive cash flow. So the interest rates are important to consider in the equation. lisbian If you're new to real estate investing, a cap rate—short for capitalization rate—is a primary metric we use to forecast the ROI from our property. This number ...17 nov 2022 ... Cap rate, or capitalization rate, is a metric used by commercial real estate investors to glean the performance of their rental property.Put simply, cap rate measures a property’s yield in a one-year time frame. This makes it easy to compare one property’s cash flow to another – without taking into account any debt on the asset. In short, it provides the property’s natural, unlevered rate of return. Another way to think about it as a measure of risk in the deal.Cap Rate List. Use the Cap Rate List tool to search for the average Cap Rate (Capitalization Rate) by top US cities and states. For your convenience, the list also includes the average cap rate for the main property types: Single-Family, Multi-Family, Retail, Office, Industrial, and Specialty. You can filter by state by using the drop box below ... tradeitCapitalization rate (or "cap rate") is a real estate valuation measure used to compare different real estate investments. Although there are many variations ... amex charge cards The capitalization rate, also known as the commercial real estate cap rate, is the rate of return used by CRE investors to assess the risk and potential return of an asset or property. Cap rates are usually expressed as percentages ranging from 2% to 30%.Capitalization Rate Example 1. Imagine an older, 30-unit apartment building comes onto the market for a price of $1.7 million: Total monthly rent: 30 units x $500/unit = $15,000. Monthly operating expenses: $6,000. Monthly NOI: $15,000 – $6,000 = $9,000. Annual NOI: 12 x $9,000 = $108,000.Over the past year, multifamily cap rates in all asset classes fell by an average of 54 bps which on a million-dollar purchase equals an increase in value of $54,000. Not small potatoes. Suburban C Class properties experienced the largest cap rate decline by 76 bps or an increase of $76,000 for a million-dollar property.7 nov 2016 ... Capitalization Rate (or Cap Rate) represents the return on a property as if the investor paid all cash. It can be used to price a property ... ski com The capitalization rate, also known as the "cap rate" is a fundamental concept that's commonly used in commercial real estate. It refers to the return rate on an investment of a real estate property. It's based on the income you expect the property to generate. This is a measurement that's used to estimate the potential return of an ...Let's use a hypothetical scenario with a cap rate of 10% to demonstrate: Let's say you invest one dollar per square foot on an efficiency project that yields roughly 35 cents a square foot in savings per year. What's the payback? Some people would say three years. A three-year payback is decidedly unsexy; many people wouldn't even think ...Commercial Real Estate Cap Rate Example. $500,000/$5,000,000=10%. For example, if the property generates $500,000 in income after expenses, and the current value is $5,000,000, then the cap rate is 10%. In other words, the investor is earning 10% of their investment on an annual basis. Because the cap rate is 10%, it will take the investor ten ... ssbbww Cap rate is a metric that investors use to determine the expected rate of return based on the expected annual income of a property. The cap rate is calculated by … cna plus However, a higher cap rate typically means more risk and a lower cap rate represents lower risk. Is 7 cap rate good? For example, if you know that the average office building has a 7 % cap rate and you own an office building with net operating income of $100,000, understanding the cap rate equation tells you that your property has a fair market value …A higher cap rate means that the market sees more risk and demands higher returns. A lower cap rate means that the market sees lower risk, so investors are willing to accept a lower return. Cap rates tend to vary by location and property type. For example, the cap rate for an office building in Des Moines is likely to be higher than the cap ...A subtle toe-cap and heel panel adds dimensional detail, whilst the gripped sole adds traction underfoot. 0344 844 0809 Go to previous slide FREE Standard UK Delivery £60 & Over Save 30% or more off RRP Express Delivery Available 7 Days a Week ... More information on international deliveries and rates can be found on our delivery page. Back to ... swytchbike Rate of church closures is higher in low-income neighbourhoods. A new study has found that poor communities are being hardest hit by church closures. The study by Church Action on Poverty (CAP) examined the rate of church closures in Greater Manchester over a 10-year period. Researchers at the charity mapped closures among Church of England ...Cap rate is short for capitalization rate, and it's used to compare unlevered rent yields between properties. Before you can properly use it, you need to make ...The capitalization rate, also known as the commercial real estate cap rate, is the rate of return used by CRE investors to assess the risk and potential return of an asset or property. Cap rates are usually expressed as percentages ranging from 2% to 30%. jane com reviews Cap rate is a measure that makes it possible to compare properties even though they produce different levels of operating earnings. It serves the same purpose as an earnings multiplier does for stock investors. The ratio of price/earnings, often called a PE ratio, allows investors to compare one company to the next.The cap rate is a metric that measures the expected year one return generated by an investment property without using any debt. This expected return can be ...Aug 2, 2021 · A higher cap rate means that the market sees more risk and demands higher returns. A lower cap rate means that the market sees lower risk, so investors are willing to accept a lower return. Cap rates tend to vary by location and property type. For example, the cap rate for an office building in Des Moines is likely to be higher than the cap ... 1 nov 2022 ... Calculated by dividing a property's net operating income by its asset value, the cap rate is an assessment of the yield of a property over one ...Capitalization rate — or cap rate for short — is the rate of return for an investment after you subtract all operating expenses from the gross income. Cap rate …The first, which we’ll call Property A, is in a market that’s seeing negative net migration and job growth is stagnant, and you buy that property at a 6.5% cap rate. The second, which we’ll call Property B, is in an emerging market with a ton of job growth, and you buy that property at a 3.5% cap rate. Two years later, you sell both ...According to Mashvisor’s October 2022 data, the median traditional cap rate in the US is 2.82% (District of Columbia). On the other hand, the median cap rate for Airbnb properties in the country today is 4.32%. The current median cap rates for rental properties are a far cry from the ideal cap rate range of 8% to 12%. customcuff Cap Rate = Net Operating Income / Current Market Value. Cap Rate = $25,200 / $250,000. Cap Rate = 0.1008. Cap Rate = 10.08%. By looking at the NOI alone, it looks like Investment A generates more money for investors. But given that its purchase price is four times higher, …With FG enabled, FPS should automatically be limited to your monitor's refresh rate minus 3. If you are on a 60+hz monitor and want to limit the FPS to 60, that doesn't work yet with FG enabled. Without FG, frame limiting should work as normal when using only the upscaling part of DLSS3. srtudocu In the absence of a cap or limit of any sort, Lall said the country is at Exxon's mercy; the oil giant and its partners can therefore utilize various tactics, to lessen the pie to be shared. The businessman also noted that provisions can be inserted into the environmental permits to bind ExxonMobil, the parent company, to provide full ...(3) Universities that exceed the tuition and fee rate cap described in subsection (1) will not receive a planning or construction authorization for a state-funded capital outlay project in fiscal year 2023-2024 or 2024-2025.Cap Rate. $1,865. Est. Monthly. Cap Rate. 5.28%. Est. Monthly. $1,865. LIVE EXCEPTIONALLY! Situated on a FANTASTIC over-sized well-developed lot, this home has all the bells and whistles! Front patio is a perfect spot for your Casita guests to enjoy their own built-in BBQ and privacy. Rear patio is ENORMOUS with a wood fire pit and fountain. 12tribe clothing FAQS · Calculating a property's cap rates is the industry standard for estimating its potential rate of return, and is equivalent to the net operating income ( ...A cap rate is simply the net operating income (NOI) of a property divided by its purchase price. For example, if the NOI of an apartment complex is $800,000 and the purchase price is $10 million ...The cap rate calculator, alternatively called the capitalization rate calculator, is a tool for everyone interested in real estate. As the name suggests, it calculates the cap rate based on the value of the real estate property and the income from renting it. You can use it to decide whether a property's price is justified or determine the ...Determine the capitalization rate from a recent, comparable, sold property. Now divide that net operating income by the capitalization rate to get the current value result. Let's say your comparable sold for $250,000. You've determined that the property's NOI after deducting applicable expenses is $50,000. Divide that by the $250,000 sales price. hiscox insurance reviews District Metals is a tiny company based in Sweden, they currently have a market cap of around $12 million Canadian, with around $3 million cash in the bank. They had previously been focused on 3 polymetallic projects in the heart of Sweden, which they have had some really good drill results on in the past. These results were forgotten and …The cap rate calculator, alternatively called the capitalization rate calculator, is a tool for everyone interested in real estate. As the name suggests, it calculates the cap rate based on the value of the real estate property and the income from renting it. You can use it to decide whether a property's price is justified or determine the ...What is Cap Rate Formula? The formula for the Cap Rate or Capitalization Rate is straightforward. One may calculate by dividing the net operating income by the asset’s current market value and percentage. Investors use it to evaluate real estate investment based on one year’s return and to help decide whether a property is a good deal. the steel shop Major coins were seen in the red on Sunday evening at 8:55 p.m. as the global cryptocurrency market cap declined 1.75% to $1.1 trillion.A capitalization rate (or "cap rate"), in the context of a business valuation, is a rate of return (expressed as a percentage) derived by deducting a growth factor from the weighted average cost of capital (WACC) for a subject company. The cap rate is a blended rate of return on the blended capital of a business including its debt and equity ...Jun 4, 2019 · The going-in cap rate is calculated using the net operating income in the year prior to acquisition, divided by the purchase price. However, most real estate investors hold on to their investments for a number of years. In order to calculate the overall return on their investment, investors will have to make an assumption on the terminal cap ... checkpeople com login Cap Rate List. Use the Cap Rate List tool to search for the average Cap Rate (Capitalization Rate) by top US cities and states. For your convenience, the list also includes the average cap rate for the main property types: Single-Family, Multi-Family, Retail, Office, Industrial, and Specialty. You can filter by state by using the drop box below ... max contribution to 401k 2022 A cap rate is simply the net operating income (NOI) of a property divided by its purchase price. For example, if the NOI of an apartment complex is $800,000 and the purchase price is $10 million ...Apr 8, 2020 · A cap rate is simply the net operating income (NOI) of a property divided by its purchase price. For example, if the NOI of an apartment complex is $800,000 and the purchase price is $10 million ... Airbnb Rentals Capitalization Rate Data: Summary. According to the data provided by Mashvisor, several cities offer excellent Airbnb investment opportunities. For example, Elkins (WV) is a city worth considering because of its 8.04% cap rate, median property price of $244,067, and $2,787 monthly Airbnb rental income.A property’s capitalization rate, or “cap rate”, is a snapshot in time of a commercial real estate asset’s return. ¹ The cap rate is determined by taking the property’s net operating income (the gross income less expenses) and dividing it by the value of the asset. ² Commercial real estate is an investment type, so the return is a ... balance sheet assets The CPF monthly salary (i.e. Ordinary Wage) ceiling will be gradually raised from $6,000 to $8,000 by 2026 for all employees. The increase will take place in four …What is Cap Rate Formula? The formula for the Cap Rate or Capitalization Rate is straightforward. One may calculate by dividing the net operating income by the asset’s current market value and percentage. Investors use it to evaluate real estate investment based on one year’s return and to help decide whether a property is a good deal.The reverse cap rate formula uses cap rate and NOI to calculate the market value of a property: Current Property Value = NOI / Cap Rate. You use the reverse cap rate formula to arrive at a buying or selling price for a property. Clearly, if you know, or if you can estimate the NOI, then the property value depends on the chosen cap rate.What is Cap Rate Formula? The formula for the Cap Rate or Capitalization Rate is straightforward. One may calculate by dividing the net operating income by the asset's current market value and percentage. Investors use it to evaluate real estate investment based on one year's return and to help decide whether a property is a good deal. magnolia fashion wholesale The Alberta government has announced a two per cent cap on post-secondary tuition increases starting in fiscal year 2024-2025 to help students with the increased cost of living. Morgan Black ...A property’s capitalization rate, or “cap rate”, is a snapshot in time of a commercial real estate asset’s return. ¹ The cap rate is determined by taking the property’s net operating income (the gross income less expenses) and dividing it by the value of the asset. ² Commercial real estate is an investment type, so the return is a ... asap food delivery said by Underclocked: If it's your first time going over they will probably forgive it. Thereafter, $10 per 50GB and 1GB counts as 50 if you go over. i think there is a limit on how many times you ...Simply put, the cap rate is the ratio between the net operating income to the property's value. Essentially, it is the percentage of investment return that ...The study by Church Action on Poverty (CAP) examined the rate of church closures in Greater Manchester over a 10-year period. Researchers at the charity mapped closures among Church of England, Roman Catholic, Methodist, Baptist and United Reformed churches across the city in relation to indices of deprivation. crutchfield.com Real 14K Gold Open Face Canine Custom Tooth Cap Custom Grillz $90.00 Pay in 4 interest-free installments of $22.50 with Learn more Position: 1 Top Cap - Right Hand 1 Top Cap - Left Hand 1 Bottom Cap - Right Hand 1 Bottom Cap - Left Hand - + Add to cart Product Details Shipping GOLD TOOTH Genuine 14K gold custom open tooth.3 hours ago · 00 30% OFF (176 Reviews) Body Wave HD Lace Wigs For Women ...The Cap Rate Formula: Property Value = NOI / Capitalization Rate. This capitalization rate formula is a way of indicating investment value and the expected return. For example, there is a greater demand for apartment buildings that have forced capitalization rates down, meaning higher prices for these investment properties.That's a 5 cent difference against the price cap. The consumer gas price was 5 to 10 euro cents per cubic meter lower than the price cap. Therefore, assuming a constant rate, switching to a dynamic energy provider could save an average household 16 to 25 euro per month on their energy bill. Just be cautious with dynamic energy contracts, as ... simplilearn reviewsCap rate, or capitalization rate, is the ratio of a property's net income to its purchase price. It's an essential number for gauging a property's rental income potential.However, a higher cap rate typically means more risk and a lower cap rate represents lower risk. Is 7 cap rate good? For example, if you know that the average office building has a 7 % cap rate and you own an office building with net operating income of $100,000, understanding the cap rate equation tells you that your property has a fair market value … meettally.com Now that you know what makes a good cap rates, let’s go over typical cap rates in Toronto right now (as of December 2020). Because of COVID, rents have dropped around 10% compared to before March. So with adjusted lower rents, typically cap rates for (but can vary more by neighbourhood): Toronto commercial properties are 3.5%+.A cap rate is simply the net operating income (NOI) of a property divided by its purchase price. For example, if the NOI of an apartment complex is $800,000 and the purchase price is $10 million ...An interest rate cap has three primary economic terms: the loan amount covered by the cap (the notional), the duration of the cap (the term), and the level of rates …8 jul 2019 ... A cap rate is the unlevered annualized rate of return of an investment. This is one of the most widely used real estate investment metrics. printedkicks Mar 4, 2022 · Summary & Conclusion. A cap rate is a commercial real estate performance metric that describes the relationship between a property’s net operating income and its value. The result of the calculation provides investors with an indication of their potential return on investment, assuming the property was purchased with cash. The cap rate allows us to value a property based on a single year's NOI. So, if a property had an NOI of $80,000 and we thought it should trade at an 8% cap rate, then we could estimate its value at $1,000,000. The discount rate, on the other hand, is the investor's required rate of return. The discount rate is used to discount future cash ...Calculating Capitalization Rate in Real Estate. Two words can make or break an investor's decision to buy their next SFR investment or rental property; ...District Metals is a tiny company based in Sweden, they currently have a market cap of around $12 million Canadian, with around $3 million cash in the bank. They had previously been focused on 3 polymetallic projects in the heart of Sweden, which they have had some really good drill results on in the past. These results were forgotten and …In the absence of a cap or limit of any sort, Lall said the country is at Exxon's mercy; the oil giant and its partners can therefore utilize various tactics, to lessen the pie to be shared. The businessman also noted that provisions can be inserted into the environmental permits to bind ExxonMobil, the parent company, to provide full ... sharemoney A property's cap rate is one of the most fundamental measures of its potential value to investors, yet the measurement is still widely misunderstood.8 ago 2019 ... The capitalization rate is determined by two methods; the net operating income of a property divided by its value or purchase price or by a ...In the absence of a cap or limit of any sort, Lall said the country is at Exxon's mercy; the oil giant and its partners can therefore utilize various tactics, to lessen the pie to be shared. The businessman also noted that provisions can be inserted into the environmental permits to bind ExxonMobil, the parent company, to provide full ... stock mutual funds In order to compare cap rates, investors need to find two similar properties, meaning both real estate properties need to be of the same asset type, asset class, and location. [1] Multifamily properties typically have the lowest average cap rates because of their lower risk levels. A good cap rate for multifamily real estate is around 4% to 10%.Jun 3, 2016 · Put simply, cap rate measures a property’s yield in a one-year time frame. This makes it easy to compare one property’s cash flow to another – without taking into account any debt on the asset. In short, it provides the property’s natural, unlevered rate of return. Another way to think about it as a measure of risk in the deal. stock x shoes Cap rate, or capitalization rate, is the ratio of a property's net income to its purchase price. It's an essential number for gauging a property's rental income potential.In an IUL product, the cap rate is the highest crediting rate possible regardless of the actual index return. On the flip side, there’s a minimum, often 0%. lenkart The following is a list of stadiums in the United States. They are ranked by capacity, which is the maximum number of spectators the stadium can normally accommodate. All U.S. stadiums with a current capacity of 10,000 or more are included in the list. The majority of these stadiums are used for American football, either in college football or ...Capitalization Rate: The capitalization rate, often referred to as the "cap rate", is a fundamental concept used in the world of commercial real estate. It is the rate of return on a real estate ...So if a home sells for $200,000 at a 6% commission, the seller's agent and buyer's agent might split that $12,000, and each receive $6,000. However, the commission split varies from one agent ...Dakila said should the Maharlika fund be approved in its current form — which would require the BSP to remit 100% of its dividends in the first two years of its existence and then 50% thereafter ... privatedelight ch However, a higher cap rate typically means more risk and a lower cap rate represents lower risk. Is 7 cap rate good? For example, if you know that the average office building has a 7 % cap rate and you own an office building with net operating income of $100,000, understanding the cap rate equation tells you that your property has a fair market value …Cap rate compression occurs when cap rates decline which, as valuations rise, which is a positive for REPE investors. In short, falling cap rates imply rising prices for a stream of income, an ...Cap rates (short for capitalization rates) are calculations performed to measure the performance of a piece of rental real estate. After running the numbers ... blendjet review 1 nov 2022 ... Calculated by dividing a property's net operating income by its asset value, the cap rate is an assessment of the yield of a property over one ...Cap Rate: $27,200/$300,000 x 100%. Cap Rate = 9.1%. Our calculations show Airbnb cap rates of 7.5% for Property 1 vs. 9.1% for Property 2. In this case, although it costs more to buy and run, Airbnb Property 2 is the better investment alternative because it promises a higher rate of return as measured by the cap rate.For most investors of single-family properties, a cap rate around 10% or more is considered ideal. However, many investors can still benefit from properties with cap rates around 7-8%. Some investors can even profit from properties with 5-6% cap rates. Much of this comes down to the local market.City Center. In commercial real estate, a capitalization rate (“cap rate”) is a formula used to estimate the potential return an investor will make on a property. The cap rate is expressed as a percentage, usually somewhere between 3% and 20%. Cap rates generally have an inverse relationship to the property value.The capitalization rate is a different commercial real estate measure occasionally used to compare the discount rate. The cap rate describes a property asset's market value and net operating income. Although they both show a property's annual rate of return, there is a significant distinction between the cap rate and discount rate.Aug 2, 2021 · A higher cap rate means that the market sees more risk and demands higher returns. A lower cap rate means that the market sees lower risk, so investors are willing to accept a lower return. Cap rates tend to vary by location and property type. For example, the cap rate for an office building in Des Moines is likely to be higher than the cap ... jamesallen NOI = Monthly Rental Income x 12 – Annual Operating Costs = $16,000. Property Price = Property Value + Other Costs = $105,000. Cap Rate = NOI/Property Price = $16,000/$105,000 = 15.24%. Most real estate experts agree that anything in the range of 4– 12% is a good cap rate.RATE 6 min read Americas IFR 2471 - 18 Feb - 24 Feb Christopher Whittall Enel raises €1.5bn from SLB despite pressure on targets BON 6 min read EMEA IFR 2471 - 18 Feb - 24 Feb Jihye Hwang One year on: has Russia's ...With FG enabled, FPS should automatically be limited to your monitor's refresh rate minus 3. If you are on a 60+hz monitor and want to limit the FPS to 60, that doesn't work yet with FG enabled. Without FG, frame limiting should work as normal when using only the upscaling part of DLSS3.Cap rates declined the most within the industrial sector. Cap rates declined across the real estate spectrum. The industrial sector's super-charged rent growth amid the pandemic meant this segment accounted for the greatest decline in yields during the past year, regardless of class (e.g., A, B) or risk profile (e.g., Stabilized, Value-Add). feet finder review Commercial Real Estate Cap Rate Example. $500,000/$5,000,000=10%. For example, if the property generates $500,000 in income after expenses, and the current value is $5,000,000, then the cap rate is 10%. In other words, the investor is earning 10% of their investment on an annual basis. Because the cap rate is 10%, it will take the investor ten ... Aug 2, 2021 · A higher cap rate means that the market sees more risk and demands higher returns. A lower cap rate means that the market sees lower risk, so investors are willing to accept a lower return. Cap rates tend to vary by location and property type. For example, the cap rate for an office building in Des Moines is likely to be higher than the cap ... Aug 2, 2021 · A higher cap rate means that the market sees more risk and demands higher returns. A lower cap rate means that the market sees lower risk, so investors are willing to accept a lower return. Cap rates tend to vary by location and property type. For example, the cap rate for an office building in Des Moines is likely to be higher than the cap ... in app purchases Feb 11, 2023 · Cap Rate List. Use the Cap Rate List tool to search for the average Cap Rate (Capitalization Rate) by top US cities and states. For your convenience, the list also includes the average cap rate for the main property types: Single-Family, Multi-Family, Retail, Office, Industrial, and Specialty. You can filter by state by using the drop box below ... can you pay a credit card with a credit card Cap rates declined the most within the industrial sector. Cap rates declined across the real estate spectrum. The industrial sector's super-charged rent growth amid the pandemic meant this segment accounted for the greatest decline in yields during the past year, regardless of class (e.g., A, B) or risk profile (e.g., Stabilized, Value-Add).Video - Capital Markets Update: Cap Rates & Transaction Volumes. Hear from Inland Investments' CEO, Mitchell Sabshon, on how CRE transaction volumes and property values have been positively impacted by a decade-long decline in cap rates. An offering is made only by means of the offering memorandum or prospectus in order to understand fully ... priceline reviews BUZZ-USD/INR-Reports of RBI sales cap, Fed rate fears support. Quick read. Americas, Emerging Markets, Asia. krishna k. You need to be a subscriber to view this content. ... RATE. 6 min read. Americas. IFR 2471 - 18 Feb - 24 Feb . Christopher Whittall. Enel raises €1.5bn from SLB despite pressure on targets. BON. 6 min read. EMEA.What is Cap Rate? Capitalization Rate, or Cap Rate for short, is the rate which your capital is returned after the first year. The formula for cap rate is: Net Operating Income Purchase Price. = Cap Rate %. Using the value from the analysis on this page, the Cap rate is calculated as follows: $19.938 $355,510. = 5.6%.También conocida como tasa de capitalización, el cap rate se utiliza para medir el rendimiento potencial del inversor sobre su inversión en el mercado ...Capitalization Rate Example 1. Imagine an older, 30-unit apartment building comes onto the market for a price of $1.7 million: Total monthly rent: 30 units x $500/unit = $15,000. Monthly operating expenses: $6,000. Monthly NOI: $15,000 – $6,000 = $9,000. Annual NOI: 12 x $9,000 = $108,000. fan centro