Mrs. Green is considering buying property for $1,200,000 with estimated acquisition costs of $25,000. She...
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Mrs. Green is considering buying property for $1,200,000 with estimated acquisition costs of $25,000. She plans to use $720,000 in debt financing which has loan costs of $20,000 and the annual debt service is $65,000. The forecast year 1 NOI is $82,000. Mrs. Greens forecast cash on cash return for year one is:
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