Real Estate Math
An investor buys a Manchester duplex for $320,000 with 25% down. The monthly mortgage payment is $1,450. The property generates $2,800/month gross rent. What is the monthly cash flow before taxes and maintenance?
A$1,350✓ Correct
B$1,250
C$1,450
D$2,800
Explanation
Monthly cash flow = Gross Rent − Mortgage Payment = $2,800 − $1,450 = $1,350. Note: this is a simplified calculation before maintenance, vacancy, and taxes.
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