If a property made you $10,000 per year, net of all expenses, what would you pay for the property? Disregard all other variables.

 - Frequently Asked Questions - 

"Can I improve the property?" No. Disregard all other variables.

"What about taxes?" Doesn't matter. Disregard all other variables.

"Is it in a good neighborhood?" Doesn't matter. Disregard all other variables.