You purchased a house for $100,000 cash and you sold it in one year for $125,000.You had

Question:

You purchased a house for $100,000 cash and you sold it in one year for $125,000.You had to pay $5,000 in taxes and repairs before you sold it.What is your ROI?If you financed $80,000 with a bank, used only $20,000 for a down payment, and paid $4,000 for taxes, repairs, and interest expense, what would be your ROI?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Personal Finance Building Your Future

ISBN: 978-0073530659

1st edition

Authors: Robert B. Walker, Kristy P. Walker

Question Posted: