On January 1, 2019, Janet buy a modified building for $450,000. She put $200,000 down and finance $250,000. The annual principal and interest payment are $19,200. During escrow she find a tenant willing to pay $38,750 included annual rent on a NNN basis on December 31,2015 she sell the building at a cap rate of 6.25%. Assume principal pay down is $7,000 included the first year.

What is the net operating income?

What is the sales price if the buyer on December 31, 2019 purchases the building at a 6.25% cap rate?

What is the total return?