One real estate investment has the followi
问题:
One real estate investment has the following characteristics:
A.Annual rental income
B.$18000000
C.Annua operating expenses
D.$1200000
E.Available mortgage rate
F.6%
G.Financing percentage
H.90%
I.Required rate of retum
J.15%
K.Estimated holdng period
L.5 years
M.Investor’s tax rate
N.25%