Yearly Rental Income: $9,900.00
Yearly Expenses:
Property Insurance: $550
Property Taxes: $593
Utilities: $0 – all utilities paid by renter
Vacancy/Repair Allowance: $960 (Estimated at 10%)
Property Management: $768
TOTAL Yearly Expenses: $2,925
Yearly Net Profit:
$6,975.00 (14.02% Return on Investment Every Year)
Monthly Income: $825.00
Monthly Expenses: $243.75
Monthly Net Profit: $581.25[/text_block]