BiggerPockets

Description:

13% cap rate assuming 5% for expenses, 10% for managment and 7% for vacancy. Great investment property. Just rehabbed. Good rental history. Two new furnaces. New appliances. All seperate utilities.

Rent roll is $1605/month or $19,260/year. This includes a garage that is rented for $50/month. Email me at jerlaff@gmail.com for more information. Monthly Annually Rental Income Unit 1: 3bd/1 $480 $5,760 Unit 2: 1bd/1 $350 $4,200 Unit 3: 1bd/1 $330 $3,960 Unit 4: 2bd/1 $395 $4,740 Unit 5: Garage $50 $600 Total Rent $1,605 $19,260 Gross Income Total Gross Income $1,605 $19,260 Less Vacancy (7%) $112 $1,926 Effective Gross Income $1,493 $17,912 Expenses Taxes $123 $1,472 Insurance $38 $452 Water/Sewer $100 $1,200 Garbage $52 $624 Lawn $13 $156 Management & Expenses (15%) $241 $3,852 Total Expenses $566 $6,793 Net Operating Income $927 $11,119 CAP Rate 13.16% Jeremy