Answered step by step
Verified Expert Solution
Question
1 Approved Answer
General Assumptions Gross SF = 10,000 Rentable SF. = 8,000 Rent/RSF. = $70.00 Expenses/GSF. = $16.00 Expense Growth Rate/yr. = 2% Income Growth Rate: Year
General Assumptions Gross SF = 10,000 Rentable SF. = 8,000 Rent/RSF. = $70.00 Expenses/GSF. = $16.00 Expense Growth Rate/yr. = 2% Income Growth Rate: Year 2, 4, 6 = 6% Vacancy/Credit Loss = 3% Purchase Price = $6,200,000 Purchase Cap Rate = 6.20% Hold Period = 5 years Exit Cap Rate = 6.50% Financing Assumptions LTV = 70% Interest Rate= 3.60% Amortization = 25 QUESTION 1. Annual Debt Service (monthly * 12) 2. CFADS 3. DSCR
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started