Yearly Rental Income: $10,800.00
Yearly Expenses:
Property Insurance: $550
Property Taxes: $600
Utilities: $0
Vacancy/Repair Allowance: $1,296 (Estimated at 12%)
Property Management: $864
TOTAL Yearly Expenses: $3,310.00
Yearly Net Profit:
$7,490.00 (13.00% Return on Investment Every Year)
Monthly Income: $900.00
Monthly Expenses: $275.83
Monthly Net Profit: $624.17[/text_block]
Any wall blemishes will be repaired and the interior of the house will be painted a neutral color before tenant moves in. Besides those issues, this house in great shape and includes original woodwork.
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