What are the annual operating costs for Tony's rental house if it rents for $1,200 a month?

Study for the Arizona Real Estate Exam. Boost your knowledge with flashcards and multiple choice questions with explanations. Be exam-ready with our comprehensive review!

The annual operating costs for Tony's rental house can be calculated by taking the monthly rental income and multiplying it by 12, as there are 12 months in a year.

If the house rents for $1,200 a month, the calculation would be:

$1,200 (monthly rent) x 12 (months) = $14,400.

However, it seems that the answer chosen reflects just a partial year cost or does not directly correlate to the total operating costs, but rather represents an indication of what might be expected monthly without full context.

To clarify, if $1,800 was determined as an answer, it may have been based on a misunderstanding of the operations costs or considerations that do not reflect straightforward multiplication. The correct calculation should consistently reflect the annual total, which is actually $14,400, or $1,200 per month multiplied by 12 months.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy