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Use the following information to answer the next 5 questions? You've decided to purchase a rental property. The property cost $ 3 5 0 ,
Use the following information to answer the next questions?
You've decided to purchase a rental property. The property cost $ You plan to pay as a down payment. Current year mortgage rates are APR. You plan to keep the home for years and then sell it You plan to rent the home for $ per month. Property tax on the property will be $ and the insurance will be $ a year. You believe the property will appreciate at per year.
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What is the net present value of this project if you use as your discount rate?
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What is the amount of interest you will pay during the years you own the property?
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How much do you anticipate selling the home for?
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How much do you still owe at the end of years?
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