Solution-What was your return on investment for the first

What was your return on investment for the first year

Reference no: EM133063726

Question - You purchased a rental property for $171,500 at the beginning of last year. The net rental income for the year was $14,510. The value of the property increased to $181,000 by the end of that year. If you borrowed 50 percent of the purchase price from a local bank to finance the purchase, paying 6 percent, interest-only, what was your return on investment for the first year?

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What was your return on investment for the first year

Reference no: EM133063726

Reference no: EM133063726

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