In july $2023,$an individual acquires arental property for $$420,000.$ $$150,000$ is allocated to the land and $$160,000$ is allocated to the building. The property is rented for $$1200$ per month $.$ Condo fees are $$150$ per month, property taxes are $$3000$ per year and interest expense for $2022$ is $$8,100.$

$-$Note: the building was acquired after $1987$ for residential use; therfore $,$a class $1$ asset $($CCA rate$=4\%)$

Please determine the rental income of the property.