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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
| 1. What is the CAP RATE? | ||||||||||||||
| 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? | ||||||||||||||
| 3. What is the CASH ON CASH return? | ||||||||||||||
| 4. If rent were to increase by 20% and property tax rate is 9.67%, would we be eligible for a 70% LTV 30 year amortized mortgage at 7.5% if DSCR is 1.2? | ||||||||||||||
| 5. What is the maximum loan size? |
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Fundamentals Of Futures And Options Market
Authors: John C. Hull
6th Edition
0132242265, 9780132242264
