9.7% Cap Ratio cash flow property
I have a property under contract to assign. I'm not sure if I am allowed to post in this forum. So I will make this short.
This house annual rent income = $1100 x 12 = $13,100 per year.
Expenses per year = property tax approximately $700 + insurance $270 = $970 per year. No HOA due in this house.
Net income per year = $13100 - $970 = $12,130 per year.
Asking price is $125,000
4 Bed 2 Bath affixed modular home
2.88 acres
1,680 sqft
Tenant pays $1,050/month