What is the gross yearly income of a property that has six apartments, two apartments paying a monthly rental of $550 each, two apartments paying a monthly rental of $750 each, and two apartments paying a monthly rental of $900 a month each ?
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$52,800
Add 550 plus 750 plus 9 and you get $2200.
Double that figure (2 times $2200) because there are two apartments rented at each of the three price levels, and you get $4400.
Multiply $4400 times 12 months and you've got $52,800 gross yearly income.
Good math review will get you over the hump.
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