Classifieds
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 7 years ago,
North Carolina funding needed
Need financing for a property in North Carolina $160,000
Investment property consists of 4 one bedroom and 1 two bedroom apartments, month to month leases have been consistently fully occupied for years with average rent of $436 monthly
Financial Summary (Pro forma - 2017)
Annual | Annual Per SF | |
---|---|---|
Gross Rental Income | $30,000 | 9.97 |
Other Income | $0 | 0.00 |
Vacancy Loss | $1,500 | 0.50 |
Effective Gross Income | $28,500 | 9.47 |
Taxes | $844 | 0.28 |
Operating Expenses | $4,611 | 1.53 |
Total Expenses | $5,455 | 1.81 |
Net Operating Income | $23,045 | 7.66 |
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | Sq. Ft. |
---|---|---|---|
3+1 | 1 | $750.00 | 950 |
2+1 | 1 | $650.00 | 850 |
1+1 | 2 | $550.00 | 604 |
Looking for