Yearly Rental Income: $11,400
Property Insurance: $600
Property Taxes: $800.00
Vacancy/Repair Allowance: $1,710.00 (Estimated at 15%)
Property Management: $912.00
TOTAL Yearly Expenses: $4,022.00
Yearly Net Profit:
$7,376.00 (11.00% Return on Investment Every Year)
Monthly Income: $950.00
Monthly Expenses: $335.17
Monthly Net Profit: $614.83
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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