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Debt Service Coverage Ratio (DSCR or DCR); Assume that a property has a monthly net operating income (NOI) of $25,000, and that a lender has
Debt Service Coverage Ratio (DSCR or DCR); Assume that a property has a monthly net operating income (NOI) of $25,000, and that a lender has a minimum DSCR requirement of 1.35. What is the maximum loan that you could obtain assuming a 4.5% interest rate and a 30 -year term with monthly payments? NOTE - Enter your answer as a positive number
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