39
QuizMultiple Choice

Real Estate Investments

Question 39 • 26-27 Ignite Technical Math-Financial Math - MA2007

Natalie charges $1,490 per month to rent each of her three rental houses. Natalie must pay $5,850 in maintenance costs per house per year. If all three houses are occupied, how much money will Natalie earn over seven years?

Answer
A
$334,250
B
$252,630
C
$84,210
D
$375,480

Explanation

Over seven years, rent from the three houses totals $1,490 × 3 × 12 × 7 = $375,480. Maintenance costs total $5,850 × 3 × 7 = $122,850. Subtracting costs from rent gives $375,480 − $122,850 = $252,630, so the answer is $252,630.

AI-written and checked against the verified answer.

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