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What is your annual return on investment for a rental property with the following income and expenses? Rent: $850 per month Expenses: $3500 Mortgage interest:
What is your annual return on investment for a rental property with the following income and expenses?
| Rent: | $850 | per month | |
| Expenses: | $3500 | ||
| Mortgage interest: | $8000 | ||
| Equity investment: | $22000 | ||
| Original mortgage: | $87000 | ||
| Market value: | $95120 |
a. 11.7%
b. 131%
c. 39%
d. 31%
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Financial Markets and Institutions
Authors: Jeff Madura
12th edition
9781337515535, 1337099740, 1337515531, 978-1337099745
