Question

An investor purchased a property for $350,000. The investor paid a $150,000 down payment and obtained a $200,000 mortgage. The gross income of the property is $67,000. The expenses are $25,000 and the debt service is $25,000. What is the equity dividend rate?
What’s the rate and how to find it

Answer 1

Answer:2.68

Explanation:

divide the income into the expenses