Answer:
7.9%
Step-by-step explanation:
The rate of return is the ratio of return to the amount invested.
Since the property earns $4,650 per month,
Therefore;
$4,650 × 12 = $55,800
To get the annual rate of return,
= Monthly returns on property/Value of profit×100%
= $55,800/$710,000
=7.9%