ilmscore | Prediction Details
"let's just assume that this property sells for $150,000 if I were to buy this property for $150,000 cash that would mean that I would have to make $10,500 a year of profit not rental income but profit after paying all my expenses"
By Minority Mindset | July 27, 2024 | Pending
From video
How To Calculate Your Wealth Number (The 7% Rule) 00:06:34 - 00:07:01
Interpreted Prediction
A $150,000 cash purchase of a property requires an annual profit of $10,500 after all expenses to achieve a 7% cash-on-cash return.

Prediction Details

Topic
Real estate cash flow calculation

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