FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You purchased a house at the courthouse auction for $75,000 and spent $35,000 in renovations. After sales, expenses, and commission, you netted $160,000 on the

You purchased a house at the courthouse auction for $75,000 and spent $35,000 in renovations. After sales, expenses, and commission, you netted $160,000 on the sale of the renovated house. Is the investment profitable? What is the ROI? (in percent)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Unlocking The Door To Real Estate Success Achieving Passive Income

Unlocking The Door To Real Estate Success Achieving Passive Income

Authors: Benjamin Stone

1st Edition

979-8856252278

More Books

Students also viewed these Finance questions

Question

★★★★★
Solve Prob. 8.64 assuming that μs is the coefficient of static friction between all surfaces of contact. Problem 8.64: The 10-kg block A is at rest against the 50-kg block B as shown. The...

Answered: 1 week ago

Question

★★★★★
Loni Company paid $1,167,000 for tangible personalty in 2022 and elected to expense $1,080,000 of the cost (the limited dollar amount for 2022). Lonis taxable income before a Section 179 deduction...

Answered: 1 week ago

Question

★★★★★
???? Identify and describe the factors that influence the size of these various elasticities

Answered: 1 week ago

Question

★★★★★
Bottle-Up, Inc., was organized on January 8, 2010, and made its S election on January 24, 2010. The necessary consents to the election were filed in a timely manner. Its address is 1234 Hill Street,...

Answered: 1 week ago

Question

★★★★★
You purchased a house at the courthouse auction for $75,000 and spent $35,000 in renovations. After sales, expenses, and commission, you netted $160,000 on the sale of the renovated house. Is the...

Answered: 1 week ago

Question

★★★★★
The easiest way to forecasting earnings is linear extrapolation: gathering the historic financial data and deriving a growth rate (CAGR) for any line on the income statement (sales, gross profit,...

Answered: 1 week ago

Question

★★★★★
1. Traditional and modern methods of preserving food Articles ?

Answered: 1 week ago

Question

★★★★★
Question: In Java, what is the result of attempting to access an instance variable of a superclass from a subclass if that variable is marked as protected? A) The instance variable is not accessible...

Answered: 1 week ago

Question

★★★★★
What is sociology and its nature ?

Answered: 1 week ago

Question

★★★★★
What is liquidation ?

Answered: 1 week ago

Question

★★★★★
Explain the different types of Mergers.

Answered: 1 week ago

Previous Question Next Question