Knight Riley
01/14/2023 · High School
As a real estate speculator, you are planning and able to buy a house that costs \( \$ 208,000 \), paying cash, with the goal of selling this same property in exactly one year. In one year, the price of the house rises to \( \$ 243,000 \). What is the capital gains yield for flipping this house? Round your answer to one decimal place.
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The capital gains yield is approximately 16.8%.
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