A property has NOI of 1,000,000 and would trade at a cap rate of 5%.You can borrow
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Question:
A property has NOI of 1,000,000 and would trade at a cap rate of 5%.You can borrow at a 60% LTV, 5% interest rate and 25-year amortization schedule.
1)What is the value of the property?
2)What is your debt service coverage?
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