Problem

Suppose you are a personal financial adviser and your clients are considering purchasing...

Suppose you are a personal financial adviser and your clients are considering purchasing income property. You find a duplex apartment unit that is for sale and learn that the maintenance costs, utilities, and taxes on it total $900 per month. If the current owner receives monthly rental payments of $450 and $380 from the tenants, does the duplex produce a positive cash flow each month?

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