You've decided to purchase a rental property. The property cost $350,000. You plan to pay 23% as a down payment. Current 25 year mortgage rates are 6.2% APR. You plan to keep the home for 9 years and then sell it. You plan to rent the home for $2100 per month. Property tax on the property will be $1800 and the insurance will be $600 a year. You believe the property will appreciate at 4% per year.