--You have purchased a small multi-family building in Montclair, NJ for $2M. You expect that NOI in your first year of ownership will be $175,000, what is the initial cap rate?

--Your acquisition was financed with a 10-year loan form $1.5M offering a 5% interest rate and a 20-year amortization period. If your marginal income tax rate is 30% and payments are made on an annual basis, what is the value of the mortgage interest deduction you receive in your first year of ownership?

--Assuming no capital expenditures, TI or leasing commissions, what is the equity dividend rate for the first year of ownership expressed in percentage terms?