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Consider a property with NOI of $72,000, value at an 8.5% cap rate and first mortgage of 75% of value with 25-year amortization and 6.5%
Consider a property with NOI of $72,000, value at an 8.5% cap rate and first mortgage of 75% of value with 25-year amortization and 6.5% interest rate. What would be the estimated first year debt service coverage ratio?
(A)1.39
(B) 1.20
(C) 1.05
(D)1.10
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