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I can use $205,000 to put down on a condo with a nice view in James Bay. I estimate that the monthly rent will be
I can use $205,000 to put down on a condo with a nice view in James Bay. I estimate that the monthly rent will be sufficient to cover mortgage, strata, and all other maintenance expenses, but there will be nothing left per month for me. After 11 years I think I could sell the condo for $600,000. If my estimations are correct, what would be my yearly rate of return from this investment? (Please enter the answer as a number with 4 decimals. For instance 12.36% should be entered as 0.1236)
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