ROI on a condo i moved out of, but now rent
Hi all,
how do i calculate the ROI on a condo I bought in 2010 but I recently moved out of and now rent? its cashflowing $400 monthly. but what should be the denominator in my ROI calc? the down-payment i made 10 years ago plus any expenses/repairs ive made since then? i know my annual return but Im not sure if i should be including 10 years worth of expenses as the denominator.
Any tips would be much appreciated.
Best,
Kim