The noun GERBIL has 1 sense: 1. small Old World burrowing desert rodent with long soft pale fur and hind legs adapted for leaping. Familiarity information: GERBIL used as a noun is very rare.
The value of the house today is between $425,000 and $490,000. The house is currently rented for $2,500 per month to long-term tenants ($30,000 per year). They are on a month to month lease. Taxes of $5,925.04 were paid in March 2010.
Today, your home is worth $400,000. In a year, it's worth $420,000. Your down payment size has no bearing on the rate your home appreciates. In this example, your home is worth $20,000 more. Investment property and mortgage rates: how much more will you pay? That down payment affected your rate of return. 1  With 20% down on the home -- $80,000 --your rate of return is 25%. 2  With 3% down on the home -- $12,000 -- your rate of return is 167%.