9. Consider a property with NOI of $72,000 and a debt coverage ratio of 1.2 applied to first year NOI. What would be the estimated monthly mortgage payment? (A) Year1 Year 2 Year 3 $72,000 74,880 $77,875 60,000 60,000 60,000 $12,000 $14,880 $17,875 900,000 -435,000 $12,000 $14,880 $482,875 Present value of cash flow @ 15% $10,435 $11.251 $317,498 NOI DS Cash flow Resale in year 3 Less mortgage balance Total cash flow