Question
Property 1 Property 2 Gross rental revenue $30,000 $46,000 Utilities 5,000 8,000 Property taxes 2,400 3,500 Repairs 1,500 4,800 Mortgage interest 20,000 32,000 UCC 370,000
|
| Property 1 | Property 2 |
| Gross rental revenue | $30,000 | $46,000 |
| Utilities | 5,000 | 8,000 |
| Property taxes | 2,400 | 3,500 |
| Repairs | 1,500 | 4,800 |
| Mortgage interest | 20,000 | 32,000 |
| UCC | 370,000 | 520,000 |
Required: 1) Calculate the total rental income from both properties
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Financial Management Principles And Applications
Authors: Arthur J. Keown
9th Edition
013033362X, 9780130333629
