4) You purchase an apartment for $600,000; 30% down payment and 70% mortgage with 3% annual interest

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4) You purchase an apartment for $600,000; 30% down payment and 70% mortgage with 3% annual interest rate. You rent the place for $2,500 per month. Your monthly expenses are strata fee: $360, repair and maintenance: $140, Insurance: $100. You also pay $1,700 for one-year property tax. How much is the ROI for your investment