I am thinking about buying a rental property in Southern California. The purchase price of the house is $$500,000.$ I will put a $20\%$ down payment and finance the rest, $80\%$ with a $30-$year loan and $6\mathrm{.}5\%$ interest rate. The closing cost for the loan will be $$12,000.$ After I purchase the house, I will rent it out for $$4,500$ a month. However, I need to consider the property tax, insurance, and maintenance, together it is estimated to be $$1500$ a month. If I believe I can sell the house for $$800,000$ after $30$ years, what are my NPV and IRR for this investment?

Initial outlay $=$ CF$0=(-500,000*20\%)+(-12,000)=-112,000$

Monthly mortgage payment: PV $=500,000*\mathrm{.}8=400,000,$ N $=30*12=360,$ I$/$Y $=6\mathrm{.}5/12,$ FV $=0=>$ PMT $=-2,523\mathrm{.}01$

Monthly net cash flow $=4,500-15002,523\mathrm{.}01=476\mathrm{.}99$

At the end of the $30$ years, sell the house and get $$800,000$

My total cash flows:

CF$0=-112,000$

C$01=476\mathrm{.}99$

F$01=360$

C$02=800,000$

F$02=1$

I $=6\mathrm{.}5/12=>$ NPV $=?$

IRR $=?($monthly$)*12=?\%($annually$)$

What is the IRR? and the NPV$?$