Downingtown, PA · Member since 2015 · 1k+ posts · 101 votes
Hey BP,
We have a 3 property package deal in Reading, Pa.
Here is the current NOI: 439 W Greenwich (Northwest) - 5br/1ba **Tenants since 2009 Income: $885/month Total/year: $10,620 Insurance: $406 Taxes: $995 Trash/recycling: $290 License: $100 Net Income: $8829
1035 Marion St (Northeast) - 5br/1.5ba **Same Tenants since purchase. Income: $725/month Total/year: $8700 Insurance: $414 Taxes: $1163 Trash/recycling: $290 License: $100
Net Income: $ 6733
1243 N. 10th (Northeast) - 3br/1ba *Same Tenants since purchase in 2007 Income: $625/month Total/year: $7500 Insurance: $406 Taxes: $1104 Trash/recycling: $290 License: $100 Net Income: $ 5600
Tenants pay all utilities (electric/heat/water), except Trash/Recycling. They are all very good, long-term tenants. We are very diligent with our screening process and only rent to clean/responsible individuals.