A 10,000 square foot strip center leases for $8 per square foot per year. The land on which it rests is fully developed, and it is non-residential, of course. Operating expenses are $3 per square foot, per year. It is being purchased for $975,000 with $575,000 down and a mortgage on the balance at 6% for 25 years. What is the property’s tax shelter, the first year, for an investor in the 30% marginal tax bracket?

Group of answer choices

$3,000

$6,000

$9,000

$12,000