Question
Calculate the DCR for an income producing property to be acquired at a price of $8M and a CAP of 6%. The down payment on
Calculate the DCR for an income producing property to be acquired at a price of $8M and a CAP of 6%. The down payment on the property is 30% of the property value and the mortgage on the remaining balance is a fixed-rate interest only loan at a rate of 4%.
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College Mathematics For Business Economics, Life Sciences, And Social Sciences
Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker
14th Edition
0134674146, 978-0134674148
