1 . The following property information is provided. Net operating income (NOI) Debt service (DS) $95,000 Mortgage Amount $65,000 Loan-to-value ratio (M) $610,000 0.75 a. b . Calculate the indicated debt coverage ratio. Calculate the mortgage constant, or mortgage capitalization rate (R ). C. Using the debt coverage ratio and the other information provided, calculate d. the overall rate (Ro) for this property. The property you are attempting to appraise using the income approach has a NOI of $135,000. Can you use the above information (a through c) to estimate the value of this property? If so, what is it? e. What role does the loan-to-value ratio play in this valuation approach? 1 When you e-mail me the assignment, please make it clear what software package the assignment is in. I can usually access most types of files, if I know what it is in! If I have problems opening the file, I will contact you (so please keep a copy of the file!). Also please put your name in the name of the file! Page 1 of 2 X 10 $12 . 19 144 16 0 O