6 units - all 2BR 1 bath; all bathroom, vanities, faucets, and flooring; all kitchens, counter tops, cabinets, and flooring. All new windows. All rents have been upgraded according. Most stoves and refrigerators have been replaces. All HVAC are newer; Rood was done in 2003; Gross rents $3235/mo. X 12 = $38,820. Expenses: Taxes $4,966; Ins. $3,000; Trash $600; Vacancy 5% = $1,941; Repairs 10% = $3,882 for total of $14,389 ($24,431 Net @7% Cap = $349,000
|Days On Site||310|
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