Maria Is Looking to Buy One of Two Houses to Rent

question 49

Multiple Choice

Maria is looking to buy one of two houses to rent out for additional income. She determines that the first house, priced at $200,000, could rent for $1,500 per month. If the second house is priced at
$280,000, how much rent would Maria have to charge to get an equivalent yearly rate of return?

• A) $2,100 per month
• B) $2,600 per month
• C) $2,800 per month
• D) It cannot be determined with the information given.

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