Gina is interested in buying a house beside the university which she will rent to students. She expects to receive ?$1,125 a month in rental income? (net of?maintenance). ? Gina's real estate agent estimates that she will be able to sell the property for ?$225,000 at the end of 36 months. Gina wants a return of 0.6?% per month. What is the most that she should pay for the? property? Assume that she will purchase the house today and receive the first? (beginning of? month) rental payment today.
What is the most that Gina should pay for the property? today? $