Real Estate Math
A Mississippi investor has a $400,000 property with a $280,000 mortgage. The debt coverage ratio (DCR) is 1.25 and annual debt service is $24,000. The NOI is:
A$19,200
B$30,000✓ Correct
C$24,000
D$28,000
Explanation
DCR = NOI ÷ Debt Service. 1.
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