Business
Business, 11.12.2019 00:31, marbuscis99

Suppose you are considering the purchase of an apartment building that has 12 units that can be rented out at $1,050 per month. you have estimated operating expenses and expected vacancy and collection losses for the first year to be $35,700 and $30,240, respectively. you also have estimated that you will be able to generate an additional $3,840 in the first year from garage rentals on the property. if the expected purchase price of the property is $1,100,000 and you are planning on making a 10% down payment, calculate the debt yield ratio. 8.10% 9.00% 8.61% 12.05%

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