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please help Dyou are considering the purchase of a duplex. Effective gross income (EGI) during the first year of operations is expected to be $33,600

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Dyou are considering the purchase of a duplex. Effective gross income (EGI) during the first year of operations is expected to be $33,600 (\$1,400 per month per unit). First-year operating expenses are expected to be $13,440(40% of EG)). Ignore capital expenditures. The purchase price of the duplex is $200,000. If you purchase the duplex. you are planning to put $60.000 down (equity) and finance the remaining $140,000. The $140,000 will be in the form of a standard fixed-rate mortgage, with an 8 percent interest rate and a term of 30 years. Assume that payments will be made annually and there are no up-front financing costs. a. What is the overall capitalization rate? b. What is the effective gross income multiptier? c. What is the equity dividend rate (the before-tax return on equity)? d. What is the debt coverage ratio? ef Assume the lender requires a minimum debt coverage ratio of 1.2. What is the largest loan that you could obtain if you decide you want to borrow more than $140,000? Show your work

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