Business, 11.03.2020 05:41 alicia234

An apartment complex has a gross rental income of $648,106.32 and total operating expenses of $167,791.43. The vacancy factor is 5%, and the annual debt service (P&I for the loan) is $350,000 Calculate: Effective Gross Income, Net Operating Income and the Debt Service Coverage Ratio (DSCR). Use the format we used in class and show all your work. Based on what we discussed in class, would a lender find this DSCR satisfactory? Why or why not?

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An apartment complex has a gross rental income of $648,106.32 and total operating expenses of $167,7...

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