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Mrs. Johnson is considering buying a property for $3,000,000 with estimated acquisition costs of $30,000. She plans to use $2,000,000 in debt financing which has

Mrs. Johnson is considering buying a property for $3,000,000 with estimated acquisition costs of $30,000. She plans to use $2,000,000 in debt financing which has loan costs of $40,000 and the annual debt service is $186,072. The forecast for year 1 NOI is $240,000. Mrs. Johnsons forecast cash on cash return for year one i

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