Felice bought a duplex apartment at a cost of $155,000. Her mortgage payments on the property are $1,370 per month, $638

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Felice Bought A Duplex Apartment At A Cost Of 155 000 Her Mortgage Payments On The Property Are 1 370 Per Month 638 1 (51.88 KiB) Viewed 30 times

Felice bought a duplex apartment at a cost of $155,000. Her mortgage payments on the property are $1,370 per month, $638 of which can be deducted from her income taxes. Her real estate taxes total $1,728 per year, and insurance costs $1,368 per year. She estimates that she will spend $1,500 each year per apartment for maintenance, replacing appliances, and other costs. The tenants will pay for all utilities. What must she charge to make $2,500 in profit each year? (Do not round intermediate calculations. Round your answer to 2 decimal places. Ignore any tax effects.) Rent per apartment