Answer :
Sure! Let's work through this step by step.
1. Monthly Rent per Unit: The rent for each unit is [tex]$1,000 per month. 2. Number of Units: There are a total of 6 units. 3. Monthly Rental Income: To find the total monthly rental income, we multiply the monthly rent per unit by the number of units: \[ \text{Monthly Rental Income} = 1000 \, \text{(dollars/unit)} \times 6 \, \text{(units)} = 6000 \, \text{dollars} \] 4. Months in a Year: There are 12 months in a year. 5. Annual Rental Income: To find the gross potential rental income for one year, we multiply the monthly rental income by the number of months in a year: \[ \text{Annual Rental Income} = 6000 \, \text{(dollars/month)} \times 12 \, \text{(months)} = 72000 \, \text{dollars} \] Thus, the gross potential rental income for one year is $[/tex]72,000.
1. Monthly Rent per Unit: The rent for each unit is [tex]$1,000 per month. 2. Number of Units: There are a total of 6 units. 3. Monthly Rental Income: To find the total monthly rental income, we multiply the monthly rent per unit by the number of units: \[ \text{Monthly Rental Income} = 1000 \, \text{(dollars/unit)} \times 6 \, \text{(units)} = 6000 \, \text{dollars} \] 4. Months in a Year: There are 12 months in a year. 5. Annual Rental Income: To find the gross potential rental income for one year, we multiply the monthly rental income by the number of months in a year: \[ \text{Annual Rental Income} = 6000 \, \text{(dollars/month)} \times 12 \, \text{(months)} = 72000 \, \text{dollars} \] Thus, the gross potential rental income for one year is $[/tex]72,000.
