Real Estate Math
A Rhode Island property has annual NOI of $45,000 and annual debt service of $28,000. What is the debt coverage ratio (DCR)?
A1.25
B1.41
C1.61✓ Correct
D1.82
Explanation
DCR = NOI / Debt Service = $45,000 / $28,000 = 1.607, approximately 1.
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