You own a house that you rent for $$1,125$ per month. The maintenance expenses on the house average $$205$ per month. The house cost $$220,000$ when you

purchased it $4$ years ago. A recent appraisal on the house valued it at $$242,000.$ If you sell the house you will incur $$19,360$ in real estate fees. The annual

property taxes are $$2,550.$ 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

$$0$

$$242,000$

$$220,000$

$$222,640$