🧠Mixed10 questions
Real Estate Net Return Knowledge Check
Sharpen your real estate net return skills with algorithmically generated problems. Each attempt produces unique values to test your formula knowledge.
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A property was purchased for $460000 with initial closing costs of $13500. After holding it for several years, you received $163000 in total rental income and incurred $30000 in total operating and selling costs. You eventually sold the property for $1022000. Calculate the total return percentage on your initial investment (purchase price + initial closing costs).
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