Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 03, 2024

The subject property is a 15,000 square foot strip shopping center located in nassau county The net operating income before the debt service is $100,000.

The subject property is a 15,000 square foot strip shopping center located in nassau county

The net operating income before the debt service is $100,000.

Using a CAP rate of 9.75% with a loan of 70%

1. What is the value of the property ?

2. What is the mortgage amount ?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

7 Money Rules For Life How To Take Control Of Your Financial Future

Authors: Mary Hunt

1st Edition

0800722531, 978-0800722531

More Books

Students also viewed these Finance questions

Question

★★★★★

M. Gonzales has the following transactions during August of the current year. Indicate (a) The effect on the accounting equation (b) The debit-credit analysis illustrated on pages 6165 of the...

Answered: 1 week ago

Question

★★★★★

(8 points) Data from one campus dorm on the number of complaints about the dorm food are collected each week of the semester. These weekly counts are to be grouped into classes 0-1, 2-3, 4-5, 7 or...

Answered: 1 week ago

Question

★★★★★

8. Jerry Joker, a notorious practitioner of pranks, wants to play one on his friend, Frank Friendly. Jerry takes a real gun and loads it with blanks. He puts a stocking cap over his head so that he...

Answered: 1 week ago

Question

★★★★★

The worksheet of Bridgets Office Supplies contains the following owners equity accounts. Use this data and the net income determined in Exercise 13.3 to prepare a statement of owners equity for the...

Answered: 1 week ago

Question

★★★★★

The subject property is a 15,000 square foot strip shopping center located in nassau county The net operating income before the debt service is $100,000. Using a CAP rate of 9.75% with a loan of 70%...

Answered: 1 week ago

Question

★★★★★

Erastus purchased a house for $ 4 0 0 0 0 0 by paying 3 0 % of the amount as a down payment, and he received a 2 5 - year mortgage for the balance. The interest rate was fixed at 3 . 7 5 % compounded...

Answered: 1 week ago

Question

★★★★★

List of identified barriers: 1. Poor representation of women, people with disabilities, older people, and recent migrants in management or upper leadership roles, given their increasing presence in...

Answered: 1 week ago

Question

★★★★★

Describe how a licensed Customs Broker can keep up to date with new developments relevant to the profession? In your answer quote three separate sources of information relevant to the profession

Answered: 1 week ago

Question

★★★★★

Machining Operations, Equipment and Machining Economics. a. Which parts of a car are best produced by machining? b. Identify one item which can best be produced by turning and get practical lathe...

Answered: 1 week ago

Question

★★★★★

The Wrong Patient By: Mark R. Chassin and Elise C. Becher Summary of Events Joan Morris (a pseudonym) is a 67-year-old woman admitted to a teaching hospital for cerebral angiography. The day after...

Answered: 1 week ago

Question

★★★★★

In your role as an Ethics & Compliance Specialist, you have completed assigned tasks related to ethical issues and dilemmas faced by individuals and other companies, and the related outcomes. The...

Answered: 1 week ago

Previous Question Next Question