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Assume you are buying the building at the beginning of year 4 for $75,500,000. Based on that purchase price, what are the annual cash-on cost

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Assume you are buying the building at the beginning of year 4 for $75,500,000. Based on that purchase price, what are the annual cash-on cost returns, by year? What is the unleveraged IRR on that purchase through 2024 (assume a 5.0\% residual cap rate on 2024 Net operating income at the end of 2024)? Now, finance 50% of the purchase price with interest only financing (fixec at 4.25% annually) for the term of your ownership. What is the resulting leveraged IRR for your equity? What is the DSCR (debt service coverage ratio) on the first mortgage debt, by year

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