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Consider a property with the following pro forma operating statement: PGI $1,200,000 - V&C 60,000 EGI 1,140,000 - OE 456.000 NOI $684,000 This property can

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Consider a property with the following pro forma operating statement: PGI $1,200,000 - V&C 60,000 EGI 1,140,000 - OE 456.000 NOI $684,000 This property can be purchased for $8.55 million. Financing is available for 75 percent of the purchase price over 25 years at 6.50 percent interest with annual debt service payments of $519,572. 7. What is the property's Debt-Coverage Ration

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