36 Unit Apart. Complex - Yearly Net Income $91,194

[Annette Hibbler]

5 Buildings
36 Units
1 Single Family Residence - Potential Add'tl Income $900/monthly

Unit Mix Summary
100% Occupied
36 units
28 - 1 BD/ 1 BA 600 SF 16,800 TOTAL SF
8 - 2BD/1BA 800 SF 6,450 TOTAL SF
1 - 3BD/1BA 1,000 SE 1,000 TOTAL SF

Projected Net Income : $91,194.00
Cap Rate 11.47%

Gross Monthly Income: $ 17,856

2013 Projected Annual Income: $230,400
Less 7% Vacancy allowance: $ 16,128
2013 GROSS INCOME: $214,272

2013 Projected Expenses: $123,078
(itemized expenses available upon request)

More information: http://www.investproperty-detroit.com/MPI_Group/900_Goddard.html