Draw the cash flow diagram for the following statements: $70K Purchase price with 20% down ($14K) Monthly
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Question:
Draw the cash flow diagram for the following statements:
•$70K Purchase price with 20% down ($14K)
•Monthly expenses (utilities, maintenance, insurance, etc..) = $200
•Monthly P&I = $345 (starts in two months)
•Rental income = $750 (starting in 5 months)
•Expect to sell in a few years at a net profit of $50K
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