What is the return on equity invested in this property

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cccAssume that a block of three flats is purchased at a price of $259530. The property is financed 57% by equity. It has a gross income of $30367, operating expenses of $8620, and an interest payment of $4529 per year. What is the return on equity invested in this property? (Please type your answer in decimals and round your answer to four decimal places.)

Reference no: EM131882912

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