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Calculate monthly mortgage payment

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Question - You buy an apartment building for $2,000,000. You make a down payment of $500,000 and finance the remaining $1,500,000 with a 15-year Mortgage at 5%. Annual rental income is $450,000 and annual operating expenses are $200,000.

Required -

A. Calculate monthly mortgage payment.

B. Calculate net Operating Income (NOI).

C. Calculate the Capitalization Rate (Cap Rate).

Reference no: EM133034472

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