OFF-MARKET 15 Unit Apartment Building In Cincinnati Oh

[Stefon Franklin]

Off market apartment building located in Cincinnati, OH 

Currently 100% occupied 

Gross Rents: $85,440 

Washer & Dryer: $12,000/yr ($1,000/mo) 

Gross Income: $97,440 (Gross Income After 10% Mgmnt Fee: $87,696) 

Expenses: Taxes: $10,000/yr 

Insurance: $4,000/yr 

Water Bill: $6,800/yr ($1,700 every 3 months) 

Garbage: $1,380/yr ($115/month) 

Gas & Electric: $12,000/yr ($1,000/mo) 

Total Expenses: $34,180 

NOI: $63,260 (Cap Rate: 11.3%)

NOI With 10% Mgmnt Fee: $53,516 (Cap Rate: 9.55%)