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Updated over 9 years ago on . Most recent reply

Account Closed
  • Harrisville, RI
2
Votes |
15
Posts

4 Family Eval...What do you think?

Account Closed
  • Harrisville, RI
Posted

Purchase price 180k, closing costs about 6k, initial repairs roughly 5k (based on review by my property manager/inspection)

Annual income total 39,300 

Tenants pay own utilities, roof is about 6 years old, newer boilers, electric is updated

Expenses $ 23,032.00

Accounting $ 500.00

Lawn and Snow $ 1,000.00

Property Insurance $ 2,200.00

Property Management $ 3,144.00

Property Taxes $ 5,400.00

Repairs, Supplies, Maintenance $ 3,930.00 (10%)

CapEx $ 2,358.00 (6%)

Trash Removal $ 500.00

Utilities: Electric $ 500.00

Utilities: Gas $ 500.00

Utilities Water $ 1,500.00

Utilities Sewer $ 1,500.00 

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