The 20 unit complex with $240K annual revenues, $135K annual expenses, and debt service of 5%...

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The 20 unit complex with $240K annual revenues, $135K annual expenses, and debt service of 5% interest only on 80% of the $1MM total cost, provides how much free cash flow after expenses and debt service are paid? 240-135 = 105 - 80 = 25 240 135 = 105 - 40 = 65 %3D 240 - 135 = 105 - 50 = 55 None of these The 20 unit complex with $240K annual revenues, $135K annual expenses, and debt service of 5% interest only on 80% of the $1MM total cost, provides how much free cash flow after expenses and debt service are paid? 240-135 = 105 - 80 = 25 240 135 = 105 - 40 = 65 %3D 240 - 135 = 105 - 50 = 55 None of these

Answer rating: 100% (QA)

Solution Step 1 Debt Service Paid 5 of 80 ... View the full answer