An investor is considering the acquisition of a "distressed property" which is on Northlake Bank's REO list. The property is available for $$200,000$ and the investor estimates that he can borrow $$160,000$ at $4\mathrm{.}5$ percent interest and that the property will require the following total expenditures during the next year:

Inspection$-$ $$500$

Title Search$-$ $$1,000$

Renovation$-$ $$13,000$

Landscaping$-$ $$800$

Loan Interest$-$ $$7,200$

Insurance$-$ $$1,800$

Property Taxes$-$ $$6,000$

Selling Expenses$-$ $$8,000$

Cash out flows are assumed to occur monthly and will average $$2,525.$ PLEASE EXPLAIN HOW $$2,525$ WAS CALCULATED.