CAN YOU PLEASE HELP ME WITH THESE QUESTIONS.. THANK YOU!

You are considering an option to purchase or rent a single family property. You can rent it for $2,800/month and the owner will be responsible for maintenance, insurance and property taxes. Alternatively, you can purchase this property for $500,000 and finance it with an 80% mortgage at 6% on a 30 year schedule. The loan can be repaid at any time without penalty. Closing cost will equal 2% of the sales price.You have fund that properties in the market area have increased 3% annually, maintenance and insurance are eachcurrently $1,500/each/year, taxes are 2.5% of value and water/sewer is $100/month. Selling costs are equal to 7%.

if your investment threshold is 10%, should you buy this property and why? Include in your answer the expected holding period and why>? In preparing your answer use the worksheet #14 in the class excel spreadsheet