Tenants Pay
Unit 1 Front -Studio –$475
Unit 2 Rear – 1bed/1bath –$550
Unit 3- Studio –$450
Unit 4–1Bed /1 bath -Vacant (needs Rehab)
Unit 5– 1bed/1bath $550
ALLTenants pay: Electric/ Electric baseboard Heat, Gas Hot Water & Cooking.
Landlord Pays
Trash,Water, Sewer – $200-$225 PER MONTH
Electric– $30 PER MONTH
Taxes– $2,203 Annual
TOTAL MONTHLY EXPENSES –$438.58
CURRENT RETURNS, WITHOUT RENT INCREASE & 5TH UNIT OPERATING
GOI– $24,300
Expense– $5,262.96
NOI– $18,017
REHAB- 35K-45K
CASH ROI– 11%
FINANCING ROI- 45%
PROJECTED RENTS
Studio –$675
1Beds – $750
GOI- $43,200
EXPENSES–$5,262.96
NOI- $37,937
OPEN HOUSE 2PM, SATURDAY MAY 8TH, 2021
CASH OR COMMERCIAL LOANS WELCOMED!
SEE PHOTOS LINK BELOW !!!!!
https://drive.google.com/drive/folders/1-z2KlTNvbHX791kEh7UpOUFODpGTBN-Y?usp=sharing