DQue 10 10 pts Consider the purchase of a rental property for $400,000. You can borrow at 7 property with a $300,000 5% LTV and finance the mortgage at 7% (30-year amortization) with an annual debt service of 23,951. Expected NOI for the first 5 years is $36,000, $37,080, $38,192, $39.338, and $40,518 respectively. Assume that you can sell the property at the end of year 5 to net $417 339 with a remaining mortgage balance of $285,122. What is the leveraged IRR on this investment? 21.23% 18.37% 20.51% 17.99% 24.02% No new data to save. Last checked at 12:45pm