Business, 31.05.2021 16:20 emmarieasimon
A property was purchased by an investor. The property is expected to produce $200,000 of annual net operating income in year 1; increasing $20,000 every year thereafter. The owner intends to sell the property at the end of year 5. Assuming the bank requires a 1.25 debt coverage service ratio based on the expected first year NOI, what is the maximum monthly mortgage payment?
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A property was purchased by an investor. The property is expected to produce $200,000 of annual net...
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