Real Estate Math
A Nevada property investor needs a 12% annual cash-on-cash return. If they invest $120,000 down, what must the annual after-debt cash flow be?
A$12,000
B$14,400✓ Correct
C$15,000
D$10,000
Explanation
Annual cash flow needed = 12% x $120,000 = $14,400. To solve this, multiply the relevant values: $120,000 at 12%..
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