Complete the problems and then check your answers in the back of the book Determine a the annual net income and b the annual yield 1 Bev Ray bought a vacation condominium as a real estate rental property for 345 900 After a 100 000 down payment she mortgaged the rest Her annual expenses totaled 28 760 and she rented the condo for 3 975 per month 2 Daryl Mattingly bought a vacation cottage as a real estate rental property for 185 900 After a 40 000 down payment he mortgaged the rest His annual expenses totaled 19 850 and he rented the condo for 3 875 per month for 6 months