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answer with financial calculator not solving You want to buy a home as a rental property. You can buy the home for $300,000 todiy in
answer with financial calculator not solving
You want to buy a home as a rental property. You can buy the home for $300,000 todiy in cash. You will rent the home to a family member who will pay $2000 a month with no rent increase for 8 years. The neighborhood is gentrifying so it should be a good safe investment opportunity with higher than normal price appreciation In 8 years, you would like to sell the home. Due to favorable conditions, the price of the home is expected to appreciate by 5% annually. What is the annual return rate on the investment? (Ignore selling and buying costs) Step by Step Solution
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