A house valued today at $300,000 can be purchased using a 30-year 6% loan with fixed monthly payments for 85% of the house price and with closing costs at purchase of $3,000. What will be the flippers recovery rate if he resells the house in three years for $320,000 assuming property taxes of $25,000 cumulatively over three years and other costs of $10,000 cumulatively over three years? Take into account the fact that interest in mortgage payments is tax-deductible and that property tax can be used as a deduction from the federal income tax, assuming the income tax rate of 30 percent. Hints: monthly mortgage payment = $1,528.85 and RMB(36) = $245,014.

	A.	Negative
	B.	Between 0 and 10%
	C.	Between 10% and 20%
	D.	Between 20% and 30%
	E.	Between 30% and 40%
	F.	Between 40% and 50%
	G.	Above 50%