A real estate firm has recently aquired a new property investment from another firm. The real estate firm wants to see how much value this property.

The property information is the following: the property was bought for $3,250,000. The rent is $155,000. Taxes on the property is $15,000. The Utilities cost is $3,000. Management of the property cost $2,500. Maintenance of the property cost $2,500. Seasonal weather issues (i.e. snow, floods, etc.) cost $1,200. Repairs on the property cost $6,500. General Liability Insurance cost $6,000. The Net Operating Income (NOI) is $138,574

4. In a scenario where rent increases 15% with a property tax rate of 8.54%, would the real estate firm be able to get a 70% LTV 30 Year amortized mortgage at 7.5% if DSCR is 1.2?

5. If the real estate firm applied for a $3,250,00 30 year amorization loan at 6% with a 65% LTV from a bank to pay for the aquistion of the real estate property from the other firm. But the bank only accepts if the DSCR is 1.2

(a) Is the real estate firm able to get the loan? (b) If they are able to get the loan, what is the maximum loan amount?

(Please show work and explanation. Would really appreciate it.)