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The purchase price of a 30 unit apartment with monthly rent of Php 6500 per unit property, land and improvement, was Php 16,250,000. You put
The purchase price of a 30 unit apartment with monthly rent of Php 6500 per unit property, land and improvement, was Php 16,250,000. You put 20% down payment and the rest was financed. The mortgage is a 30 year loan at 6.5% principal-interest payment. Taxes and insurance at the time of purchase are Php 180,000 each year. The vacancy rate is 8% while the repair expenses averaged is Php 85,000 every year. You spend annually about Php 20,000 for miscellaneous and advertising costs. You manage the property yourself. 9. What is the monthly cash flow for the stated investment? a. Php 71,615 b. Php 73,481 c. Php 89,081 d. Php 90,747
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