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The published sale price of a small apartment building comparable sale was $192,043. The buyer had mostly non-reported income and could not qualify for a

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The published sale price of a small apartment building comparable sale was $192,043. The buyer had mostly non-reported income and could not qualify for a standard mortgage. He agreed to purchase the property for $192,043. with the seller talking back a 86% purchase-money mortgage at 4% compounded monthly for 31 years with a balloon payment in 9 years. The market interest rate for a property like this at the time of sale was at 10% with no points. What is the cash equivalent sale price using the calculator yield-to-market technique, assuming the buyer would keep the financing in place for 9 years. The published sale price of a small apartment building comparable sale was $192,043. The buyer had mostly non-reported income and could not qualify for a standard mortgage. He agreed to purchase the property for $192,043. with the seller talking back a 86% purchase-money mortgage at 4% compounded monthly for 31 years with a balloon payment in 9 years. The market interest rate for a property like this at the time of sale was at 10% with no points. What is the cash equivalent sale price using the calculator yield-to-market technique, assuming the buyer would keep the financing in place for 9 years

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