Determining the value of the property

Reference no: EM132060392

Question: A property has net operating income of $220,000. A lender offers an 8 percent, 20-year, fully amortizing mortgage loan (requiring monthly payments; annual constant of .1003728) in an amount which will result in a debt coverage ratio of 1.3 and a loan-to-value ratio of 70 percent. What is the value of the property? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132060392

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