You own a house that you rent for $ 1 , 5 0 0 per month. The maintenance expenses on the house average $ 2

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You own a house that you rent for $$1,500$ per month. The maintenance expenses on the house average $$280$ per month. The house cost $$235,000$ when you purchased it $4$ years ago. A recent appraisal on the house valued it at $$257,000.$ If you sell the house you will incur $$20,560$ in real estate fees. The annual property taxes are $$3,300.$ 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

$$257,000$

$$0$

$$236,440$

$$235,000$

$$231,360$