Dick owns a house that he rents to college students. Dick receives $800.00 per month rent and incurs the following expenses during the year

Dick owns a house that he rents to college students. Dick receives $800.00 per month rent and incurs the following expenses during the year: Real estate taxes 1250 Mortgage interest 1500 Insurance 425 Repairs 562 Association dues 1600 Dick purchased the house in 1976 for 48000. Calculate Dick's net rental income for the year, assuming the house was rented for a full 12 months. Dick purchase the house in 1976 for 48,000. The house is fully depreciated,Calculate Dick's net rental income for the year, assuming the house was rented

Field of study: 

Answer

Dick's net rental income for the year, assuming the house was rented

Price : $19

Pay $19 to view and download this answer instantly
Click here to pay Money Back guarantee