Yearly Rental Income: $10,740
Property Insurance: $675
Property Taxes: $1,046.00
Vacancy/Repair Allowance: $1,288.80 (Estimated at 12%)
Property Management: $859.20
TOTAL Yearly Expenses: $3,869.00
Yearly Net Profit:
$6,871.00 (13.01% Return on Investment Every Year)
Monthly Income: $895.00
Monthly Expenses: $322.42
Monthly Net Profit: $572.58
The interior needs to be painted, but the property is currently occupied. The buyer will get a credit at closing to cover the cost of painting the property once the tenant moves out.
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