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You are considering the purchase of a property with the following information: Gross Annual Rents = $107,710 Vacancy Rate = 11.43% Net Operating Income =

You are considering the purchase of a property with the following information:

Gross Annual Rents = $107,710

Vacancy Rate = 11.43%

Net Operating Income = $74,660

Property Management Fee = 6.57%

Purchase Price = $466,012

Monthly Mortgage Payment = $4,642

Property financed at 75% LTV.

What is your cash on cash return for the first year?

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