Question
Given the following information, calculate the debt coverage ratio for this investment: Potential gross income: $354,513; Vacancy rate: 8%; Operating expenses: 40% of EGI; Acquisition
Given the following information, calculate the debt coverage ratio for this investment:
Potential gross income: $354,513;
Vacancy rate: 8%;
Operating expenses: 40% of EGI;
Acquisition Price: $3,225,500;
Debt service: $122,603.
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Financial & Managerial Accounting
Authors: Jan Williams
16th Edition
78111048, 978-0078111044
