contestada

You are comparing two properties to determine if it is better to buy or rent a property using the price-to-rent (P/R) ratio. The first home you consider is on the market to buy for $293,000. The second home is for rent for $1400/month. The P/R ratio is

Respuesta :

Tundexi

The P/R ratio is equals 17.4 for rent.

What is a P/R ratio?

It is known as the Price to Rent ratios.

This is ratio of home prices to annualized rent in a particular city or neighborhood.

P/R ratio = $293,000 / ($1,400 * 12 month)

P/R ratio = $293,000 / $16,800

P/R ratio = 17.4

Read more about P/R ratio

brainly.com/question/24475587

#SPJ4

Otras preguntas