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Madeline owns two pieces of real estate. One is an oil field in Texas and the other is a downtown Chicago office building in which

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Madeline owns two pieces of real estate. One is an oil field in Texas and the other is a downtown Chicago office building in which she leases space to several tenants. Which property is primarily an investment? O The office building in Chicago Both of these Neither of these O The oil field in Texas Price-to-rent ratio is used to measure in a real estate market. When calculating the following ratios, round your answers to the nearest two decimal places. Eileen just paid $800,000 for a real estate investment. The following table shows the range of monthly rent she believes she can receive. Complete the following table: Monthly Purchase Annual Price-to-rent Property price rent rent ratio $4,300 #1 $800,000 #2 5,000 800,000 #3 6,500 800,000 the price-to-rent ratio is, the better off Eileen will be because she will Based on your calculations, the cash for expenses related to owning the property. This will have the chances of Eileen enjoying a positive cash flow. O O00

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