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A property has NOI of 1,000,000 and would trade at a cap rate of 5%.  You can...

A property has NOI of 1,000,000 and would trade at a cap rate of 5%.  You can borrow at a 60% LTV, 5% interest rate and 25-year amortization schedule.

  1. What is the value of the property?
  2. What is your debt service coverage?
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