Yearly Rental Income: $10,740
Property Insurance: $675
Property Taxes: $1,046.00
Vacancy/Repair Allowance: $1,611.00 (Estimated at 15%)
Property Management: $859.20
TOTAL Yearly Expenses: $4,191.20
Yearly Net Profit:
$6,598.00 (11.02% Return on Investment Every Year)
Monthly Income: $895.00
Monthly Expenses: $349.20
Monthly Net Profit: $545.73
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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