Felice bought a duplex apartment at a cost of $220,000. Her mortgage payments on the property are $1,680 per month, $795 of which can be deducted from her income taxes
Felice bought a duplex apartment at a cost of $220,000. Her mortgage payments on the property are $1,680 per month, $795 of which can be deducted from her income taxes. Her real estate taxes total $2,172 per year, and insurance costs $1,452 per year. She estimates that she will spend $1,104 each year per apartment for maintenance, replacing appliances, and other costs. The tenants will pay for all utilities.
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Felice bought a duplex apartment at a cost of $220,000. Her mortgage payments on the property are $1,680 per month, $795 of which can be deducted from her income taxes. Her real estate taxes total $2,172 per year, and insurance costs $1,452 per year. She estimates that she will spend $1,104 each year per apartment for maintenance, replacing appliances, and other costs. The tenants will pay for all utilities.
