3bd/1.5ba Single family home - currently cashflowing

[Account Closed]

Turnkey fully rehabbed property with tenant already placed paying $1,500/mo rent. Property features new kitchen, bathroom, hardwood flooring on first floor, and carpeting on second floor. 

Projected Income Analysis:

Listing Price: $120,000

Total monthly projected rental income: $1,500

Estimate Annual Taxes: 495.60

Estimated Annual Insurance: $840.00

Estimated Annual Maintenance Costs: $1,500

** This estimate is based on any potential repairs the property may need over the course of a year. In our experience, this number is typically lower, but we always estimate on the high side.

Annual Property Management: $1,800

**The fee is 10% of the monthly rent.

Annual Net Rental Income: $18,000

Annual Cumulative Hard Costs: $2,835.60

Adjusted Gross Annual Income: $15,164.40

5 Year Return: $75,822

10 Year Return: $151,644