Let us assume, you purchased a house at the end of the year 2017 as an investment for a market value of 5,000,000 with a down payment of 20%. The remaining amount is financed through a bank loan with an Interest rate of 7.5% p.a. Let us assume the rental income from the house is 1,100,000 pand the annual charges on maintenance are 50,000 and 10,000 in toxes. - Let us assume there are no income taxes, all cash flows occur at the end of each year, and the value of the rental property remains fixed. - Calculate your ROE