Question
There is a high-end townhome complex in Florida, Villages on the Green that you are considering purchasing and renting out 11 months of the year.
There is a high-end townhome complex in Florida, Villages on the Green that you are considering purchasing and renting out 11 months of the year.
The initial investment in the townhome is $750,000. The projected rental income over the next six years is:
Year Cash Flow 1 $125,000 2 $131,000 3 $140,000 4 $145,000 5 $155,000 6 $165,000
What would be the payback period for this investment?
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Airline Finance
Authors: Peter S. Morrell
4th Edition
1351959743, 978-1351959742
