You are buying an investment property. It is November 15th. You get the following information from the seller: He says he gets rent of $1,400 per month. Collected rent to date shows to be $15,000. Property tax was $1,000 and Insurance is $1,200. Utilities expense is $1,020. Interest expense is $4,400. Payment is $900/month. Depreciation is $2,273. He replaced HVAC for $1,450.00. Maintenance expenses were $500.00 so far this year. (Used for 68-74). What is the Annual Effective Gross Income? $16,800.00 $15,000.00 $16,364.00 None of the above