You are looking to acquire a property with NOI of $50,000. The asking price is $900,000. You are considering making a full price offer. You are in discussions with your lender and are anticipating a down payment of 30% and a mortgage constant of 0.06543. 

 

QUESTION: How much will your annual debt service be? 

 

Question 7

In the previous question, you were provided with assumption and calculated debt service. Now, using those same assumptions, calculate the Debt Coverage Ratio. 

Answer rating: 100% (QA)

Calculating Annual Debt Service To calculate the annual debt service we need t... View the full answer