Assume you bought rental property for $100,000.Approximately how much would you have to charge in monthly rent to get a 9% rate of return?

Name: Assume you bought rental property for $100,000.Approximately how much would you have to charge in monthly rent to get a 9% rate of return?
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Quizplus · Accepted Answer

To achieve a 9% rate of return on a $100,000 investment, you would need to earn $9,000 annually ($100,000 * 9% = $9,000). Dividing this annual amount by 12 months gives you $750 per month ($9,000 / 12 = $750).

Assume You Bought Rental Property for $100,000