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Business, 14.04.2020 17:36 masad

You own a house that you rent for $1,200 a month. The maintenance expenses on the house average $200 a month. The house cost $89,000 when you purchased it several years ago. A recent appraisal on the house valued it at $210,000. The annual property taxes are $5,000. If you sell the house you will incur $20,000 in expenses. You are deciding whether to sell the house or convert it for your own use as a professional office. What value should you place on this house when analyzing the option of using it as a professional office?

$89,000

$120,000

$185,000

$190,000

$210,000

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Answers: 2

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You own a house that you rent for $1,200 a month. The maintenance expenses on the house average $200...
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