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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?
A. 4.60 years
B. 5.75 years
C. 4.57 years
D. 5.34 years
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