Question
A property was purchased for $160,000. The investor had to put in $30,000 cash to get the property. It has net income after tax of
A property was purchased for $160,000. The investor had to put in $30,000 cash to get the property. It has net income after tax of $2,400. What is the after tax ROI or cash on cash return?
A) too good
B) 8%
C) 3.8%
D) too bad
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes
7th Edition
0072866578, 9780072866575
