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Problem 17-5 Calculating Profit or Loss on a Rental Property (L017-1] Felice bought a duplex apartment at a cost of $205,000. Her mortgage payments on

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Problem 17-5 Calculating Profit or Loss on a Rental Property (L017-1] Felice bought a duplex apartment at a cost of $205,000. Her mortgage payments on the property are $1,630 per month, $749 of which can be deducted from her income taxes. Her real estate taxes total $2,016 per year, and insurance costs $1,176 per year. She estimates that she will spend $1,422 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? (Do not round Intermediate calculations. Round your answer to 2 decimal places. Ignore any tax effects.) etci bableves. Rent per apartment to break even

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