A property is purchased for $200,000 with an 80 percent LVT. After five years, the owner's equity is $80,000. What would be the approximate annual expected appreciation rate on home equity (annual EAHE)? 15. A property that produces a level NOT of $200,000 per year is expected to sold in year 5 for $2,000,000. If the property was purchased for $2,000,000, what percent of the IRR can be attributed to the operating income only