You own a house that you rent for $1,000 a month. The maintenance expenses on the house average $200 a month. The house cost $85,000 when you purchased it several years ago. A recent appraisal on the house valued it at $220,000. The annual property taxes are $5,000. If you sell the house you will incur $25,000 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?

A. $60,000

B. $85,000

C. $190,000

D. $195,000

E. $220,000

Answer rating: 100% (QA)

D 195000 Value Apprai... View the full answer