Answer:
$225,000
Explanation:
The computation is shown below:
Data provided in the question
Monthly rent = $1,100
Purchase price of the house = $219,000
Appraisal value of the house = $239,000
Real estate fees = $14,000
Annual property taxes = $4,000
Based on the above information, the opportunity cost is
= Appraisal value of the house - real estates fees
= $239,000 - $14,000
= $225,000