Consider a Property with NOI of $72,000 and a Debt

question 5

Multiple Choice

Consider a property with NOI of $72,000 and a debt coverage ratio of 1.2 applied to first year NOI.What would be the estimated monthly mortgage payment?

• A)$5,000
• B)$7,200
• C)$60,000
• D)$86,400

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Definitions:

Post-World War II

The period following the end of World War II in 1945, marked by significant socio-political and economic changes globally, including the establishment of the United Nations and the beginning of the Cold War.

Personal Income

The total earning of an individual from all sources before taxes or deductions.

Marriage Boom

describes a period of significantly increased marriage rates, often linked to specific historical contexts or demographic trends.

Home Ownership

The state of owning a residential property or house, often considered a key aspect of personal wealth and economic stability.