An investor just purchased an office building for $175,000. He knows for certain that he can...

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An investor just purchased an office building for $175,000. He knows for certain that he can sell the building for $158,000 in 7 years. Approximately how much does he need to charge in annual rent in order to achieve a 9% annual return on the deal (rounded to the nearest hundred dollars)? An investor just purchased an office building for $175,000. He knows for certain that he can sell the building for $158,000 in 7 years. Approximately how much does he need to charge in annual rent in order to achieve a 9% annual return on the deal (rounded to the nearest hundred dollars)?

Answer rating: 100% (QA)

To calculate the annual rent the investor needs to charge we can use the formula Annual Rent Propert... View the full answer