Art Neuner an investor in real estate bought an office condominium. The market

Art Neuner an investor in real estate bought an office condominium. The market value of the condo was $250000 with a 70% assessment rate. Art feels that
his return should be 12% per month on his investment after all expenses. The tax rate is $31.50 per $1000. Art estimates it will cost $275 per month to
cover general repairs insurance and so on. He pays a $140 condo fee per month. All utilities and heat are the responsibility of the tenant. Calculate the
monthly rent for Art. Round your answer to the nearest dollar (at intermediate stages).