Question

A property has the following characteristics: • Value of $7,700,000 • NOI of $408,100 • Loan amount is $4,367,086 (current outstanding balance) • Monthly payments on the loan are $28,674 What is the Debt Service Coverage Ratio (also called Debt Coverage Ratio)? ? 1.182 14.23 ? 84.58% 14.23% 84.58x ? 1.182% 

          A property has the following characteristics:
• Value of $7,700,000
• NOI of $408,100
• Loan amount is $4,367,086 (current outstanding
balance)
• Monthly payments on the loan are $28,674
What is the Debt Service Coverage Ratio (also called
Debt Coverage Ratio)?
? 1.182
14.23
? 84.58%
14.23%
84.58x
? 1.182%
Show more…
A property has the following characteristics: • Value of 7,700,000 • NOI of408,100 • Loan amount is 4,367,086 (current outstanding balance) • Monthly payments on the loan are28,674 What is the Debt Service Coverage Ratio (also called Debt Coverage Ratio)? ? 1.182 14.23 ? 84.58% 14.23% 84.58x ? 1.182%

Added by Jes-S C.

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Horngren’s Cost Accounting
Horngren’s Cost Accounting
Srikant M. Datar, Madhav V. Rajan 16th Edition
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A property has the following characteristics: Value of $7,700,000 NOI of $408,100 Loan amount is $4,367,086 (current outstanding balance) Monthly payments on the loan are $28,674 What is the Debt Service Coverage Ratio (also called Debt Coverage Ratio)? O1.182 14.23 84.58% 14.23% 84.58 1.182%
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Transcript

-
00:01 Consider the following monthly amortization schedules.
00:03 So we want to know what the interest rate is going to be to the nearest hundredth of a percent.
00:09 So that means that we're going to take in row two, we're going to look at the amount of interest that was charged, which is 539 .24.
00:21 They're going to base that on the balance that was after the payment one, which is 259, 873.
00:30 Point two zero.
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