Patty Lo Purchased a House That She Planned to Use

Multiple Choice

Patty Lo purchased a house that she planned to use as a rental property for $300,000. During the past year, she rented the house for $1750 per month. Property taxes were $3900 for the year, and other expenses were $450 for a new garage door opener and $650 for lawn care. The current appraised value of the property is $315,000. What is Patty Lo's total return?

A) $15,000
B) $31,000
C) $16,000
D) $21,000
E) $17,100