Business, 25.03.2020 00:33 archiecom55

An apartment building contains twenty units. Each unit rents for $900 per month. The vacancy rate is 5%. Annual expenses are $17,500 for maintenance, $7,200 insurance, $7,500 taxes, $6,400 utilities, $7,500 mortgage debt and 10% of the gross effective income for the management fee. What was the investor's rate of return for the property if she paid $1,170,000 for the property?

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An apartment building contains twenty units. Each unit rents for $900 per month. The vacancy rate is...

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