OnyxJaxy OnyxJaxy
  • 09-05-2024
  • Mathematics
Answered

Phillipe Isaacs bought a three-bedroom, two-bath house as a rental property.

He paid $149,800 with a $75,000
down payment.

The annual expenses totaled $8,750.

Phillipe rented the house for $
975 per month.

a) What
annual net income did Philippe earn?

b) What was
his annual yield?



Answer :

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