Real Estate Math (alternative)
In Maryland, a $500,000 property is purchased with a $100,000 down payment. Three years later it's worth $575,000. The owner's ROI based only on the original down payment is approximately:
A15%
B35%
C40%
D75%✓ Correct
Explanation
Gain = $575,000 – $500,000 = $75,000. ROI = $75,000 ÷ $100,000 down = 75%.
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