What is the Long-term debt service value in the below table : Total monthly inco

Question

What is the Long-term debt service value in the below table :

Total monthly income $          37,916.15 Other income $               150.00 Total annual income $        456,793.80 Less: vacancy factor $          22,839.69 Adjusted gross annual income $        433,954.11 Less: estimated expense $        127,799.49 Net income before debt service $        306,154.62 Capitalized value (Economic value of property) $      3,222,680.26 Resquested loan value $      2,421,727.00 Loan/Value ratio $        236,118.38 Long-term debt service @ 9.75% constant ? Debt service coverage ratio                      1.30 Loan per unit $          32,289.69

Explanation / Answer

Long-term debt service are the debts or financial obligations for long period of time which include over one year and it applies to government debts,financing or leasing obligations as well.

Long-term debt =long term debt/long term debt+preffered stock+common stock

Loan ratio = 236118.38*9.75%

=23021.54

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