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How much will be her roi at the end of the year

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Question - Tania buys an apartment in Vancouver for $650,000; $150,000 down payment and $500,000 mortgage with 2% annual interest cost. She rents the place for $2,400 per month. The total monthly expenses, excluding the interest cost, for that apartment is $800. How much will be her ROI at the end of the year?

a. 12.8%

b. 6.13%

c. 10.8%

d. 6.31%

Reference no: EM133117222

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