Real Estate Math
A South Carolina investor purchases a property for $325,000 and receives $1,950/month in rent. What is the annual gross rent yield?
A6%
B7%
C7.2%✓ Correct
D8%
Explanation
Annual rent = $1,950 × 12 = $23,400. Yield = $23,400 ÷ $325,000 = 0.
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