Phillipe Isaacs bought a three-bedroom, two-bath house as a rental property. He paid $149,600 with a $75,000down

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Phillipe Isaacs bought a three-bedroom, two-bath house as a rental property. He paid $149,600 with a $75,000down payment. The annual expenses totaled $8,750. Phillipe rented the house for $975 per month. a) Whatannual net income did Philippe earn? b) What was his annual yield

Posted Date: May 08, 2024 03:23 AM

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Phillipe Isaacs bought a three-bedroom, two-bath house as a rental property. He paid $149,600 with a $75,000down

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To calculate the annual net income earned by Philippe from the rental property we first need to dete... View the full answer

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