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dreaming
Living the dream. Being the dream.
yours truly,
The Dream King
South Carolina Property (4 unit) Purchased August, 2006
Purchase Price: $230,000
Downpayment: $46,000
Return on Equity = (Cash Flow + Appreciation + Loan Reduction + Tax Deduction)/Downpayment
{all values annualized}
= (2400 + 0.04(230000) + 0 + (230000/27.5*0.33)) = 31.27%
