Downingtown, PA · Member since 2015 · 1k+ posts · 101 votes
Hey BP!!!
We have a 3 property package deal in Reading, Pa.
Here is the current NOI:
439 W Greenwich (Northwest) - 5br/1ba
**Tenants since 2009
Income: $885/month
Total/year: $10,620
Insurance: $406
Taxes: $995
Trash/recycling: $290
License: $100
Net Income: $8829
1035 Marion St (Northeast) - 5br/1.5ba
**Same Tenants since purchase.
Income: $725/month
Total/year: $8700
Insurance: $414
Taxes: $1163
Trash/recycling: $290
License: $100
Net Income: $ 6733
1243 N. 10th (Northeast) - 3br/1ba
*Same Tenants since purchase in 2007
Income: $625/month
Total/year: $7500
Insurance: $406
Taxes: $1104
Trash/recycling: $290
License: $100
Net Income: $ 5600
*Tenants pay all utilities (electric/heat/water), except Trash/Recycling. They are all very good, long-term tenants. We are very diligent with our screening process and only rent to clean/responsible individuals.
*Estimated Total Cash Flow After All Expenses (Including Vacancy, Repairs and Cap Ex)- $1008
***There will be deferred maintenance! Please do your due diligence.