Effect of Below Market Financing on Property Prices - Assume that a property's cash market value is
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Effect of Below Market Financing on Property Prices - Assume that a property's cash market value is $500,000 today. The current market based financing is a 5% interest rate with a 20-year term with monthly payments. Assuming that the seller is willing to owner finance the property at a 2% interest rate with a 20-year term with monthly payments, what is the estimated additional maximum cash value of this below-market financing on the property's price?
Related Book For
Intermediate Accounting
ISBN: 978-0132162302
1st edition
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
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