You own a house that you rent for $1,100 a month. The maintenance expenses on the house average $200 a month

You own a house that you rent for $1,100 a month. The maintenance expenses on the house average $200 a month. The house cost $219,000 when you purchased it 4 years ago. A recent appraisal on the house valued it at $239,000. If you sell the house you will incur $14,000 in real estate fees. The annual property taxes are $4,000. You are deciding whether to sell the house or convert it for your own use as a professional office. What value should you place on this house when analyzing the option of using it as a professional office? 
 

A.

$211,800

B.

$221,000

C.

$225,000

D.

$235,000

E.

$239,000

Opportunity cost = $239,000 - $14,000 = $225,000