Real Estate Math
A Texas investor collects $3,600/month rent on a property purchased for $480,000. What is the annual gross rent yield?
A7%
B8%
C9%✓ Correct
D10%
Explanation
Annual gross rent = $3,600 × 12 = $43,200. Gross yield = $43,200 ÷ $480,000 = 0.09 = 9%.
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