You had to pay 5000 in taxes and repairs before you sold it


You purchased a house for $100,000 cash and you sold it in one year for $125,000. You had to pay $5,000 in taxes and repairs before you sold it. What is your ROI? If you financed $80,000 with a bank and only used $20,000 for a down payment and paid for taxes, repairs, and interest expense of $4,000, what would your ROI be?

Solution Preview :

Prepared by a verified Expert
Operation Management: You had to pay 5000 in taxes and repairs before you sold it
Reference No:- TGS01610429

Now Priced at $10 (50% Discount)

Recommended (97%)

Rated (4.9/5)