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Felice bought a duplex apartment at a cost of $ 2 3 5 , 0 0 0 . Her mortgage payments on the property are
Felice bought a duplex apartment at a cost of $ Her mortgage payments on the property are $ per month, $ of which can be deducted from her Income taxes. Her real estate taxes total $ per year, and Insurance costs $ per year. She estimates that she will spend $ 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?
Note: Do not round Intermedlate calculations. Round your answer to decimal places. Ignore any tax effects.
Rent per apartment to break even
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