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A 32-unit apartment building in Falls Church, Virginia is expected to appreciate in value at a rate of 10% per year. If the owner borrows
- A 32-unit apartment building in Falls Church, Virginia is expected to appreciate in value at a rate of 10% per year. If the owner borrows at an LTV of 80% interest-only and the property's NOI exactly covers the monthly mortgage payments, what would be the expected annual appreciation rate on invested equity?
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Personal Financial Planning
Authors: Lewis J. Altfest
2nd edition
1259277186, 978-1259277184
