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You are analyzing the potential acquisition of a small apartment property. Some of the estimates from the first year pro forma are as follows: potential
You are analyzing the potential acquisition of a small apartment property. Some of the estimates from the first year pro forma are as follows: potential gross income, $185,000; vacancy and collection losses, $18,500; annual debt service, $72,643; operating expenses, $58,275; capital expenditures, $0. Calculate the DCR.
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