Mathematics, 27.04.2021 20:50, tydariousgamer

Simon and his wife purchased a condo on the beach for $ 235000. They made a $40000 down payment. Their annual expenses were mortgage
interest of $11700, depreciation of 3% of the purchase price of the
house, taxes, repairs, and insurance of $15430. They rented the condo for
$3000 per month. What is the annual yield.

Answers: 2

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