Question
Mountain Ridge Properties is evaluating a real estate investment of Ocean Park Estates. Management plans to buy the property today and sell it 10 years
Mountain Ridge Properties is evaluating a real estate investment of Ocean Park Estates. Management plans to buy the property today and sell it 10 years from today. The initial cost of the property is $13 million and the expected sale price is $67 million. What is the IRR of the investment? Enter your answer as a percentage and rounded to 2 DECIMAL PLACES. Do not include the percentage sign in your answer.
Enter your response below.
_____%
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The Future Of Real Estate Early Warning Realtors
Authors: Anya Bartholomew
1st Edition
1975711149, 978-1975711146
