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Updated almost 7 years ago,

User Stats

176
Posts
16
Votes
Lewis Anderson
  • Real Estate Agent
  • Tampa Fl
16
Votes |
176
Posts

North Carolina funding needed

Lewis Anderson
  • Real Estate Agent
  • Tampa Fl
Posted

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)

AnnualAnnual Per SF
Gross Rental Income$30,0009.97
Other Income$00.00
Vacancy Loss$1,5000.50
Effective Gross Income$28,5009.47
Taxes$8440.28
Operating Expenses$4,6111.53
Total Expenses$5,4551.81
Net Operating Income$23,0457.66

Unit Mix Information

DescriptionNo. UnitsAvg. Rent/MoSq. Ft.
3+11$750.00950
2+11$650.00850
1+12$550.00604
Looking for

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