(a) If the rent is $1,800 a month, what is the rental yield?
(b) If they sold the home, should they invest the proceeds into any high-risk investments, such as gold?
Victor and Maria Hernandez are thinking about selling her mother's home, which she recently inherited, and use the proceeds to enhance their investments for retirement. Its price increased to about today's value of $300,000. The home is fully paid for.