Estimate Annual Rent and Expenses for Rental Property: A

1.Estimate the annual rent, annual operating expenses (maintenance, property tax, insurance, realtor fee, etc.), and annual depreciation expense (see Hints "a" below). Use reasonable and realistic estimates. The rent for similar units with 3 beds and 2 baths is $ 3,200 per month. Average maintenance cost is 50 cents per month per square feet. For 1504 square feet house the annual maintenance cost is calculated as 0.50*12*1504 which is $ 9024. The expected annual property cost is 0.98% of the cost of the house which is $ 3479.