Real Estate Math
A West Virginia investor purchases a 4-unit apartment building for $320,000 with an 80% loan. The annual NOI is $28,000. What is the annual debt coverage ratio (DCR) if annual debt service is $19,200?
A1.24
B1.46✓ Correct
C1.65
D2.00
Explanation
DCR = NOI ÷ Annual debt service = $28,000 ÷ $19,200 ≈ 1.46.
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