Real Estate Math
An investor purchased a NH rental property for $200,000 and sold it five years later for $255,000. What was the total dollar appreciation and percentage gain?
A$55,000 and 27.5%✓ Correct
B$55,000 and 21.6%
C$45,000 and 22.5%
D$55,000 and 25%
Explanation
Dollar appreciation = $255,000 − $200,000 = $55,000. Percentage gain = $55,000 / $200,000 = 0.275 = 27.5%.
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