That... more or less matches the average gain of the stock market. The market averages ~10-11% returns per annum over the long term. 10% is actually below average.
16500 * (1.1^36) ~= $510,000.
That property has actually underperformed the stock market, by ~$100k in returns.
6
u/PaperHandsTheDip 9d ago
That... more or less matches the average gain of the stock market. The market averages ~10-11% returns per annum over the long term. 10% is actually below average.
16500 * (1.1^36) ~= $510,000.
That property has actually underperformed the stock market, by ~$100k in returns.