Experts does this analyis seem flawed

[Jack Srimani]

Hi,
I got the number for a property I have not seen. I plan to see this only if I can make real sense of the numbers. Need help.

Details:

Four Unit Duplex:

Rental Income 20100

Ad 333
Insurance 999
Tx 3841
Repairs 401
Garbage Removal 774
Water 987
Gas 2957
Electric 682

Total Expense: 10974

Net Income 9126

[Michael Rossi]

You're missing many of the expenses such as management, vacancies, legal expenses, capital expenses, damage done by tenants in excess of the security deposit, etc. In addition, I would never buy a property if the landlord pays the utilities (especially gas and electric).

Good Luck,

Mike