Question: Chapter 17 question 2 Felice bought a duplex apartment at a cost of $165,000. Her mortgage payments on the property are $1,520 per month, $666

Chapter 17 question 2

Felice bought a duplex apartment at a cost of $165,000. Her mortgage payments on the property are $1,520 per month, $666 of which can be deducted from her income taxes. Her real estate taxes total $1,752 per year, and insurance costs $1,464 per year. She estimates that she will spend $1,230 each year per apartment for maintenance, replacing appliances, and other costs. The tenants will pay for all utilities. What monthly rent must she charge for each apartment to break even? (Do not round intermediate calculations. Round your answer to 2 decimal places. Ignore any tax effects.) Rent per apartment to break even

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