Yearly Rental Income: $9,000.00
Property Insurance: $600
Property Taxes: $738
Vacancy/Repair Allowance: $1,080 (Estimated at 12%)
Property Management: $720
TOTAL Yearly Expenses: $3,138
Yearly Net Profit:
$5,862.00 (13.06% Return on Investment Every Year)
Monthly Income: $750.00
Monthly Expenses: $261.50
Monthly Net Profit: $488.50
PLEASE NOTE: The current tenants are a bit messy & cluttered (they are in the process of moving out). Don't let this deter you from buying a great rental. We probably all have a few friends and family members that are a bit messy (and who have an interesting taste in paint colors). 🙂 You might also notice that some of the walls are a bit dirty. We will fix any wall blemishes and put a fresh new coat of paint throughout the interior and everything will look as good as new! This is a solid house.
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