My landlord purchased another rental property for $250,000, he estimates an annual cost of $6,000 and...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
My landlord purchased another rental property for $250,000, he estimates an annual cost of $6,000 and annual revenues are $18,000. What rate of return per year he will make over a 30 year period after he sells it for $200,000 ? My landlord purchased another rental property for $250,000, he estimates an annual cost of $6,000 and annual revenues are $18,000. What rate of return per year he will make over a 30 year period after he sells it for $200,000 ?
Expert Answer:
Answer rating: 100% (QA)
To calculate the rate of return per year over a 30year period we need to consider the initial cost o... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
Students also viewed these economics questions
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-6. On December 12, Irene purchased the building where her store is located. She paid...
-
Read the case study "Southwest Airlines," found in Part 2 of your textbook. Review the "Guide to Case Analysis" found on pp. CA1 - CA11 of your textbook. (This guide follows the last case in the...
-
Sunita inherits $45,000 from a distant relative. She decides to invest her inheritance in a diversified, dividend-paying mutual fund. At the time of her initial investment, she purchases 1,500 shares...
-
The accounting records of Robin Co. showed the following balances at January 1, 2008: Cash $30,000 Beginning inventory (100 units @ $50, 70 units @ $55) 8,850 Common stock 20,000 Retained earnings...
-
Diagram a molecule of fructose, C 6 H 12 O 6 , dissolved in water.
-
Reconsider the data from Problem 51. What is the capital recovery cost of Alternative 3 for a 6-year life? Data from problem 51 Alternatives 1, 2, and 3 have lives of 3, 4, and 6 years, respectively....
-
Dickens Company is a small editorial services company owned and operated by Monica Baker. On October 31, 2014, the end of the current year, Dickens Companys accounting clerk prepared the unadjusted...
-
Map this ER diagram to a Relational Model and normalize it if needed. employee EMP_ID INT EMP_Frame VARCHAR(40) EMP_Lname VARCHAR(40) EMP_Sex VARCHAR(1) EMP_Birthdate DATE EMP_Salary INT Indexes...
-
8.1 Create a one-way data table for profit at different levels of supplier contact in range B22:C33. Ensure that the price in cell C3 is $290 and the advertising budget in cell C5 is $35,000,000 (you...
-
An ideal gaseous reaction (which is a hypothetical gaseous reaction that conforms to the laws governing gas behavior) occurs at a constant pressure of 45.0 atm and releases 58.8 kJ of heat. Before...
-
Review the discussion about task environments from class and chapter 2 . 3 2 . 3 of our textbook. Consider an agrobot, a robot that harvests strawberries grown in greenhouses, or an open field. The...
-
An example for dynamic routing algorithm is A) Multiplex. B) Flooding. (C) Dijkstra. (D Distance vector.
-
What total energy is stored in the capacitors in the figure below (C = 0.363 F, C = 34.7 F) if 1.80 104 J is stored in the 2.50 F capacitor? (Enter your answer to at least three significant figures.)...
-
6 O Question 1 (1 point) The APA citation style tells us how to write citations but also how to format our papers. 00 True False
-
An employee accesses their own PHI in their employer's health information database to check the result of a recent lab test. This use of PHI is considered: O a) appropriate O b) a privacy breach...
-
Assume that the following current asset and current liability accounts apply to the Harden Company for the years 2020 and 2021 (note: the ??? in the table is a figure that you must determine). Hardin...
-
Write a program to move a signed number from smaller register to bigger register. Hint: movzx ax, bl Topic: Data Related Operators and Directives in assembly language
-
Laura is a single taxpayer living in New Jersey with adjusted gross income for the 2012 tax year of $35,550. Laura's employer withheld $3,300 in state income tax from her salary. In April of 2012,...
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-4. Ivan and Irene paid the following in 2012 (all by check or can otherwise be...
-
During 2012, Tom sold Sears stock for $10,000. The stock was purchased 4 years ago for $13,000. Tom also sold Ford Motor Company bonds for $35,000. The bonds were purchased 2 months ago for $30,000....
-
A cylinder of mass \(M\), moment of inertia \(I\) about the cylindrical axis and radius \(R\) rolls on a horizontal surface without slipping. (a) Express the no-slip constraint in differential form....
-
A block of mass \(m\) slides without friction on a larger block of mass \(M\) and is attached to a pin in this block by a massless spring with spring constant \(k\). All motion is in one dimension....
-
A bead of mass \(m\) is threaded without friction on a massless wire hoop of radius \(R\) that is forced to oscillate vertically in a fixed vertical plane at angular frequency \(\omega\) and with...
Study smarter with the SolutionInn App