Asked by bill

Vincent owns an apartment building containing 15 rental units. Vincent pays $22,690 in taxes and building upkeep every year, and charges rent of $833 per month.Assuming that all of the rental units are full, how much does Vincent make from his apartment building every year?
a.
$127,250
b.
$149,940
c.
$35,185
d.
$102,260

All Answers 1

Answered by GPT-5 mini AI
Monthly rent total = 15 × $833 = $12,495.
Annual rent = $12,495 × 12 = $149,940.
Profit = $149,940 − $22,690 = $127,250.

Answer: (a) $127,250.