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The published sale price of a small apartment building comparable sale was $160,971. 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 $160,971. The buyer had mostly non-reported income and could not qualify for a standard mortgage. He agreed to purchase the property for $160,971. with the seller talking back a 78% purchase-money mortgage at 6% compounded monthly for 32 years with a balloon payment in 11 years. The market interest rate for a property like this at the time of sale was at 11% 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 11 years

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