Maria is thinking about purchasing a two$-$bedroom condominium as a rental property investment.

She believes she can easily find a family to rent the property, or rent it out to travelers through a

room sharing service, and earn $$1,200$ per month in rent. Her monthly expenses include $(1)$ a

mortgage with a payment of $$760,(2)$ condo fees of $$110,(3)$ taxes of $$170,(4)$ insurance of $$75,$

and $(5)$ miscellaneous maintenance of $$80.$ Maria would also generate tax savings from

depreciation of the rental property which would generate a positive $$300$ of savings that should

be included in her positive cash flows.

How much net annual cash$-$flow will Maria make by being a landlord?

Maria can make

per month

Assume that she uses $$20,000$ of her own money and an $$80,000$ mortgage to purchase the

property. Ignoring any increase in equity in her home and considering only her investment of

$$20,000,$ what is her annual rate of return from the net rental cash flow? What are Maria's major

risks associated with this investment? $($Round answer to $2$ decimal places, e$.$g$.52\mathrm{.}25.)$