2. Current income, cash flow, and rental yield Rental Property Income and Expenses any associated expenses. If there is a the principal and interest. If there is money left over after covering the The cash flow expected from a real estate investment should result from its rental income mortgage on the property, these expenses should investment's expenses, then the investment will generate al cash flow. Eileen is considering investing in rental property and needs to calculate its recent rental yield. She knows this figure assumes that approximately of annual rents will be used to pay expenses that the rental property's mortgage debt. The purchase price of the property is $1,000,000. Assuming that annual rents remain constant at $35,000, Eileen calculates her rental yield would be %. (If required, round your answer to two decimal places.) Note: For simplification in the next question, disregard possible tax benefits. If Eileen makes the investment, she will have an annual mortgage payment of $22,500. Based on her calculations, Eileen estimates that, after paying all expenses and the mortgage, the property will produce a cash flow of s per year