Net operating income = NOI = a gross rental revenue of $1,332,900 - operating expenses of $412,300 = 1,332,900 - 412,300 = $ 920,600
Annual mortgage payment = PMT (Rate, Nper, PV, FV) = PMT (6.25%, 25, -9200000, 0) = $ 736,870
Hence, debt service coverage ratio = NOI / Annual mortgage payment = 920,600 / 736,870 = 1.26
Hence, the correct answer is the second option i.e. option B.
1.26
your client owns a 14 story building that generates a gross rental revenue of $1,332,900; operating...
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