You purchase a property for $125,000. Your cash flow from the first year is $6,000. Each year,
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Question:
You purchase a property for $125,000. Your cash flow from the first year is $6,000. Each year, your cash flow grows by 3%. After 4 years (4 cash flows), you sell the property for $175,000.
What is your internal rate of return on this investment property?
Related Book For
Fundamentals Of Corporate Finance
ISBN: 9780135811603
5th Edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
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