So, I understand the basics of how this script works. Bur I don't quite understand what ROI means. Or rather, what the figures it's displaying means.
Would someone be so kind as to explain what it means?
Thanks in advance.
|Dave Wong Script's Author||
ROI is Return On Investment. Higher ROI means that you earn more back for each dollar you spend. The script just shows the numbers so you can gauge for yourself if you want to buy the recommended property or not. For example, early on, the really expensive properties might have the best ROI, but it would take you weeks to earn enough to buy it. So, even though the really expensive property is recommended based on ROI, you might want to buy a less expensive property to boost your income first.
I understand that, but what does the actual figure mean? "5.4545" doesn't mean to much to me. 5.4 days? hours? ..Not even time?
It appears to be Income / Cost * 1000, just useful as a comparison number, it isn't really usefully based on time units or anything.
It looks to me like assuming 24 payments per day, this "ROI" of 1 will take 41.7 days to pay off. "ROI" 6 will take a week. 10, 4 days. Obviously slightly quicker if you have more payments in a day.
|Patrick Tous... User||
The 5.4545 means that for every dollar spent on buying the property, you will earn roughly $5.46 every cycle (54 minutes for moguls, 60 minutes for maniac and fearless). So, the higher the number, the more money you'll earn back for each dollar invested into the property.
Patrick, can you post your calculation to confirm your comment?