QUESTION $15$

$($Multiple Answer Question$)$ You buy an apartment building for $$5,000,000.$ You make a down payment of $$1,000,000$ and finance the remaining $$4,000,000$ with a $15-$year Mortgage at $7\%.$ Annual rental income is $$1,000,000,$ annual operating expenses are $$300,000$ and interest expense is $$50,000.$

A$.$ The Cap Rate is $14\%$

B$.$ The Net Operating Income $($NOI$)$ is $$700,000$

C$.$ The Monthly Mortgage Payment is $$35,953$

D$.$ The Cap Rate is $13\%$

E$.$ The Net Operating Income $($ NOI $)$ is $$650,000$