You own a house that you rent for $$1,700$ per month. The maintenance expenses on the house average $$320$ per month. The house cost $$243,000$ when you purchased it $4$ years ago. A recent appraisal on the hous valued it at $$265,000.$ If you sell the house you will incur $$21,200$ in real estate fees. The annual property taxes are $$3,700.$ You are deciding whether to sell the house or convert it for your own use as a professional office. What value should you place on this house when analyzing the option of using it as a professional office?

Multiple Choice

$$238,080$

$$243,800$

$$243,000$

$$265,000$