Question
5897 LAFAYETson PURCHASE PRICE $2,000,000 Rent $167,880 Taxes $16,242 Utilities $4,000 GL Insurance $5,000 Management $3,600 Maintenance $3,600 Snow Removal $1,000 Repairs $7,500 TOTAL $40,942
5897 LAFAYETson
PURCHASE PRICE $2,000,000
Rent $167,880
Taxes $16,242
Utilities $4,000
GL Insurance $5,000
Management $3,600
Maintenance $3,600
Snow Removal $1,000
Repairs $7,500
TOTAL $40,942
NOI $126,938
QUESTION:
| 2. You are applying for a loan. Purcahse price is $2,000,000. Loan will be 30 year amortization at 7% with a 60% LTV | ||||||||||
| A. Chase is comfortmable with a DSCR of 1.1. Are you eligible for a loan? If you are what is the maximum loan amout? | ||||||||||
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Extreme Financial Risks From Dependence To Risk Management
Authors: Yannick Malevergne, Didier Sornette
1st Edition
354027264X, 3540272666, 9783540272649, 9783540272663
