You own a house that you rent for $1,625 per month. The maintenance expenses on the house average $305 per month. The house cost $240,000 when you purchased it 4 years ago. A recent appraisal on the house valued it at $262,000. If you sell the house you will incur $20,960 in real estate fees. The annual property taxes are $3,550. 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 $240,000 $235,560 $241,040 $262.000