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Determining the apartment for maintenance

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Felice bought a duplex apartment at a cost of $145,000. Her mortgage payments on the property are $1,490 per month, $629 of which can be deducted from her income taxes. Her real estate taxes total $1,620 per year, and insurance costs $1,104 per year. She estimates that she will spend $1,398 each year per apartment for maintenance, replacing appliances, and other costs. The tenants will pay for all utilities.

What monthly rent must she charge for each apartment to break even?

Reference no: EM131721444

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