You are interested in buying a 2-bedroom condo in New York. The price is $300,000. You have a 30-year 3% APR mortgage with 20% down payment. You rent the apartment out for $2,000/month. The operating expense is $200. Assume the house value will increase by 30% after 30 years. Calculate the expected annual return of your investment. (Hint: compute IRR for the investment)