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A property with a Scheduled Gross Income of $673,000 is selling for $6,950,000. The current vacancy is 8%, and the expenses total $278,913. What is the Cap Rate?
The cap rate is 4.90%
A property with $245,000 of Net Operating Income sells at a 7% cap rate. The 30-year loan interest rate is 6.75% with a 7-year term and an 80% LTV. How much is the balloon payment?
The balloon payment will be $2,542,049
You want an 8% cash-on-cash return on in-place income on day-1. The loan is $3,825,000 at 6.25% fixed for 25 years.The NOI is $502,788. What is the most you can pay?
The most the buyer can pay is $6,325,000