Mrs. Green is considering buying property for $1,000,000 with estimated acquisition costs of $22,000. She plans to use $680,000 in debt financing which has loan costs of $20,000 and the annual debt service is $68,000. The forecast for year 1 NOI is $85,000. Mrs. Greens’ forecast cash on cash return for year one is: Group of answer choices 4.1 percent 4.7 percent 6.0 percent 6.2 percent

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