13 NOI annual debt service or total mortuagse payments is equivalent to: a) CAP rate b) Loan to Value Ratio c) Debt Constant K d) Equity Yield Value based On Debt e) Debt Coverage Ratio 14. The 2017 tax law allows Residential land to be depreciated over a) 27.5 b) 31.5 c) 39 d) 39.5 c) years None of the above 15. A property having a gross operating income of $8,000 per month and expenses of $1,000 a) b) c) d) c) per year sells for $450,000. What is the CAP rate for this investment? 17.78% 21.33% 21.11% 21.55% None of the above 16. A property has an NOI of $7,000 per month with expenses of S1.000/month. An investor seeking a 9% rate of return would most likely be willing to pay S property -for the a) $864,000 b) $933,333 c) $756,000 d) $648,000 e) None of the above 17. The cash value of a $10,000 tax credit to an investor having very high income is: a) $10,000 times his/her tax bracket b) $10.000K (100%-tax bracket) c) 10,000 number ofyears to depreciate d) 10,000+number of years to depreciate the property e) $10,000 Assume a seller pays you a 6% commission on a S200.000 land deal that you not only put together with a 20% carried interest but you also add a"packaging fee" of 5% to the acquisition group and buy 10% of the deal personally. How much total pre-tax cash do you personally gain over the entire holding period minus cost to invest at time zero? The net resale price in two (2) years is $300,000 with zero commission (Assume no cash flow and no resale commission). 18. a) $90,000 b) $85,000 c) $102,500 d) $112,500 e) Heck if I know? t but got 20% of the profit, in the above deals how muc