What is the break-even point for the rent

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You bought a four-bedroom house near Ohio State University and want to rent it out to students. Your monthly mortgage payment is $650, your semi-annual taxes are $900 and your yearly insurance premium is $1200. You also estimate that you will need $75 per month for maintenance. If the students rent their rooms for nine months, what is the break-even point for the rent?

Reference no: EM13822413

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