Felice bought a duplex apartment at a cost of 230 000 Her

Last updated: 3/27/2023

Felice bought a duplex apartment at a cost of 230 000 Her mortgage payments on the property are 1 070 per month Her real estate taxes total 2 112 per year and insurance costs 900 per year She estimates that she will spend 1 530 each year per apartment for maintenance replacing appliances and other costs The tenants will pay for all utilities Ignore income taxes changes in equity value and changes in property value What monthly rent must she charge for each apartment to break even Do not round intermediate calculations Round your answer to 2 decimal places Rent per apartment to break even