Real Estate Math
A Kentucky income property was purchased for $600,000 with a 30% down payment. The NOI is $54,000. What is the cash-on-cash return?
A7%
B9%✓ Correct
C10%
D12%
Explanation
Cash invested = $600,000 × 30% = $180,000. Cash-on-cash = NOI ÷ Cash invested.
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