Updated over 8 years ago on . Most recent reply
OFF-MARKET 15 Unit Apartment Building In Cincinnati Oh
Off market apartment building located in Cincinnati, OH
Currently 100% occupied
Gross Rents: $85,440
Washer & Dryer: $12,000/yr ($1,000/mo)
Gross Income: $97,440 (Gross Income After 10% Mgmnt Fee: $87,696)
Expenses: Taxes: $10,000/yr
Insurance: $4,000/yr
Water Bill: $6,800/yr ($1,700 every 3 months)
Garbage: $1,380/yr ($115/month)
Gas & Electric: $12,000/yr ($1,000/mo)
Total Expenses: $34,180
NOI: $63,260 (Cap Rate: 11.3%)
NOI With 10% Mgmnt Fee: $53,516 (Cap Rate: 9.55%)
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