Yearly Rental Income: $7,800
Property Insurance: $675
Property Taxes: $850.00
Vacancy/Repair Allowance: $1,17000 (Estimated at 15%)
Property Management: $624.00
TOTAL Yearly Expenses: $3,319.00
Yearly Net Profit:
$4,481.00 (11.01% Return on Investment Every Year)
Monthly Income: $650.00
Monthly Expenses: $276.58
Monthly Net Profit: $373.42
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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