House 1 | House 2 | House 3 | House 4 | House 5 | House 6 | House 7 | House 8 | ||
Price | 500,000.00 | 300,000.00 | 700,000.00 | 800,000.00 | 600,000.00 | 150,000.00 | 1,000,000.00 | 720,000.00 | |
Rent | 2,300.00 | 1,500.00 | 3,300.00 | 3,600.00 | 2,500.00 | 900.00 | 4,500.00 | 3,800.00 | |
Rooms | 4 | 3 | 4 | 3 | 3 | 2 | 5 | 4 | |
Total Rent Amount If house Purchased | 9,200.00 | 4,500.00 | 13,200.00 | 10,800.00 | 7,500.00 | 1,800.00 | 22,500.00 | 15,200.00 | |
Total Budget | 3,000,000.00 | ||||||||
Total Cost of Houses Purchased | 2,920,000.00 | ||||||||
Maximum Monthly Rent | 60,100.00 | ||||||||
Number of Rooms | 17 | ||||||||
As a real estate investor, you want to maximize your profit by buying and renting houses....
Use the following to answer questions 1-4. You currently live (rent free) in your parents' basement but it's a bit awkward when you bring dates home. Your friends are looking for a new roommate and have asked if you're interested in moving in. Your share of the rent (which includes all utilities) will be $800 per month, due at the beginning of the month, and you will be signing a two-year lease. You parents think you should save your money...
Use the following to answer questions 1-4. You currently live (rent free) in your parents' basement but it's a bit awkward when you bring dates home. Your friends are looking for a new roommate and have asked if you're interested in moving in. Your share of the rent (which includes all utilities) will be $1,000 per month, due at the beginning of the month, and you will be signing a three-year lease. You parents think you should save your money...