Updated about 9 years ago on . Most recent reply
3bd/1.5ba Single family home - currently cashflowing
Turnkey fully rehabbed property with tenant already placed paying $1,500/mo rent. Property features new kitchen, bathroom, hardwood flooring on first floor, and carpeting on second floor.
Projected Income Analysis:
Listing Price: $120,000
Total monthly projected rental income: $1,500
Estimate Annual Taxes: 495.60
Estimated Annual Insurance: $840.00
Estimated Annual Maintenance Costs: $1,500
** This estimate is based on any potential repairs the property may need over the course of a year. In our experience, this number is typically lower, but we always estimate on the high side.
Annual Property Management: $1,800
**The fee is 10% of the monthly rent.
Annual Net Rental Income: $18,000
Annual Cumulative Hard Costs: $2,835.60
Adjusted Gross Annual Income: $15,164.40
5 Year Return: $75,822
10 Year Return: $151,644