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bakersfield real estate market |
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bakersfield real estate market:HomeCommission.com has helped consumers find the best agents and home across the nation. Since our agents compete for your business, you will get the lowest rates possible! Start your search here.
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Presumably, if you bought a $200,000 house, you did not pay cash for the home. You got a mortgage, too. Suppose you put as much as twenty percent down – that would be an investment of $40,000.
At an appreciation rate of 5% annually, a $200,000 home would increase in value $10,000 during the first year. That means you earned $10,000 with an investment of $40,000. Your annual "return on investment" would be a whopping twenty-five percent.
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