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Final Math Problems 1. Purchase Price = $925,000 Loan Terms: 30 year, 9.75% Interest, 10% Down Payment Income: $7600/month Expenses: $880/month Find: Debt Service, Cap
Final Math Problems 1. Purchase Price = $925,000 Loan Terms: 30 year, 9.75% Interest, 10% Down Payment Income: $7600/month Expenses: $880/month Find: Debt Service, Cap Rate and Cash on Cash Bonus Points: Find Payoff at month 50 and Principal reduction 100th payment. 2. Income: $4900/month Expenses: $4800/Year Loan Terms: 7.875% Interest, 80% LTV, 25 Year Loan Cap Rate: 6.0% Find the NOI, value of the building, Debt Service, and Cash on Cash Return
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