You own a house that you rent for $1,675 per month. The maintenance expenses on the house average $315 per month. The house cost $242,000 when you purchased it 4 years ago. A recent appraisal on the house valued it at $264,000. If you sell the house you will incur $21,120 in real estate fees. The annual property taxes are $3,650. You are deciding whether to sell the house or convert it for your own use as a professional office. What value should you place on this house when analyzing the option of using it as a professional office?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “You own a house that you rent for $1,675 per month. The maintenance expenses on the house average $315 per month. The house cost $242,000 ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
In a typical growth pattern, the owner hires managers to run the firm during which stage of development? A. Stage 1 B. Stage 2 C. Stage 3 D. Any stage
Answers (1)
List four common sources of funding for a small business.
Answers (1)
The united states taxes each barrel of imported oil at a flat rate. this is
Answers (1)
The current price of a non - dividend - paying stock is $30. Over the next six months it is expected to rise to $36 or fall to $26. Assume the risk - free rate is zero. An investor sells call options with a strike price of $32.
Answers (1)
Oceanside Marine Company manufactures special metallic materials and decorative fittings for luxury yachts that require highly skilled labor. Oceanside uses standard costs to prepare its flexible budget.
Answers (1)
New Questions in Business
A local government awards a landscaping company a contract worth $1.5 million per year for five years for maintaining public parks. The landscaping company will need to buy some new machinery before they can take on the contract.
Answers (1)
According to the presentation, the first step in making a major purchase is: A. choosing a salesperson B. determining the features C. you want to do your research D. finding out what the taxes will be
Answers (1)
Bank Corp.'s voting stock is owned by the following individuals: Farber, 25%; Farber's mother, 15%; Farber's father, 40%; and Grosset, an unrelated person, 20%. Farber's sister sold equipment to Bank at a loss.
Answers (1)
A financial analyst is presented with information on the past records of 60 start-up companies and told that in fact only 3 of them have managed to become highly successful. He selected 3 companies from this group as the candidates for success.
Answers (1)
Sal, a production manager, knows that some of his employees are upset with a new corporate policy that eliminates a tuition reimbursement program. As a result, some of these employees are participating in soldiering.
Answers (1)