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Updated about 6 years ago,
Rate of Investment Equation???
I am new and think I am doing my ROI wrong. I am trying to mess with the numbers on property near me to see what my ROI would be. Two scenarios:
House Cost: $95,000
Down Payment: $5000
Rent in a year: $1000
What would the ROI be for this property?
I keep getting different answers and when I google it I got a negative ROI
Scenario 2:
House Cost: $49,500
Down Payment: $5000
Rent in a year: $1500
Again what is the ROI?
If someone can help show me the proper equation that would be greatly appreciated.