Question
Given the following information, calculate the property's before-tax equity reversion (BTER): NOI: $84,560 Annual Debt Service: $54,964 Net Sales Proceeds: $1,135,520 Remaining Mortgage Balance at
Given the following information, calculate the property's before-tax equity reversion (BTER):
NOI: $84,560
Annual Debt Service: $54,964
Net Sales Proceeds: $1,135,520
Remaining Mortgage Balance at Sale: $593,611
Going-Out Cap Rate: 7%
Sales Expenses: $72,480
| A. | $541,909 | |
| B. | $12,080 | |
| C. | $614,389 | |
| D. | $469,429 | |
| E. | $29,596 |
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Entrepreneurial Finance
Authors: J . chris leach, Ronald w. melicher
4th edition
538478152, 978-0538478151
