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Practice problem Put together an income and expense and profit report for a multifamily unit. The cost is 10 million. The lender will finance

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Practice problem Put together an income and expense and profit report for a multifamily unit. The cost is 10 million. The lender will finance 60% at 6%. It is a fixed mortgage for 5 years. You will put 4 million from your own cash. This site is .55 acres in Surfside, Florida, it currently has 2 older multifamily properties on the site. 1 lot zone commercial. Rent is about $2000 monthly.

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