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Updated over 9 years ago on . Most recent reply

Brandon Snyder's profile image
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Brandon Snyder
  • Real Estate Agent
  • from Torrance, California
  • Member since Nov 21, 2014
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Brandon Snyder's profile image
Brandon Snyder's profile image
Brandon Snyder
  • Real Estate Agent
  • from Torrance, California
  • Member since Nov 21, 2014
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Brandon Snyder
  • Real Estate Agent
  • Torrance, CA
5
Votes |
46
Posts
Real Estate Agent

Another math problem

Brandon Snyder
  • Real Estate Agent
  • Torrance, CA
Posted

I hope you can help me with this one. If you can figure out the answer, please tell me how you got there. :/

Mr. Jones leased all 12 units in his residential income property for a total monthly rental of $4500. If this figure represents an 8% annual return on Mr. Jones's investment, what was the original cost of the property?

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