Last year, the Muirs purchased a rental condo in Woodbridge for $300,000. During the year, they paid $4,000 for property taxes and $2400 for repairs, and collected $1850 per month in rent. The home has increased in value to $335,000. Calculate the following:
a) Income yield.
b) Capital gain yield.
c) Rate of total return.
d) Total return.

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The Answer of Last year, the Muirs purchased a rental condo in Woodbridge for $300,000. During the year, they paid $4,000 for property taxes and $2400 for repairs, and collected $1850 per month in rent. The home has increased in value to $335,000. Calculate the following:
a) Income yield.
b) Capital gain yield.
c) Rate of total return.
d) Total return.

Last Year, the Muirs Purchased a Rental Condo in Woodbridge