Real Estate Math
A Virginia investor receives $1,500/month in rent and pays $1,100 in mortgage, $200 in taxes, $75 in insurance, and $150 in maintenance monthly. What is the monthly cash flow?
A-$25
B$1500✓ Correct
C-$25 (alternative)
D$50
Explanation
Monthly expenses = $1,100 + $200 + $75 + $150 = $1,525. Cash flow = $1,500 – $1,525 = –$25.
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