Question: Solve completely with all steps Calculate the annual return on investment for the following rental property over 10 years. Property details: Cash down payment: $150,000

Solve completely with all steps

Calculate the annual return on investment for the following rental property over 10 years. Property details: Cash down payment: $150,000 (cash paid for the house) Repairs when you buy the house: $5,000 (at time of purchase) Mortgage payments and maintenance: $1200 per/month Rental income: $2000 per/month

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