Real Estate Math
A Delaware property generates $3,200 per month in rent. The mortgage payment (P&I) is $1,800/month, property taxes are $250/month, insurance is $100/month, and maintenance averages $200/month. What is the monthly cash flow?
A$850✓ Correct
B$1,050
C$650
D$950
Explanation
Monthly cash flow = Rent − Mortgage − Taxes − Insurance − Maintenance = $3,200 − $1,800 − $250 − $100 − $200 = $850.
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