Question
What is the debt coverage ratio on the following property? $4.5 million sales price $375,000 net operating income Mortgage is 70% loan-to-value ratio, 7% interest
What is the debt coverage ratio on the following property?
$4.5 million sales price
$375,000 net operating income
Mortgage is 70% loan-to-value ratio, 7% interest rate, 20 year term and is paid monthly.
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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
13th Edition
1337395080, 9781337395083
