@Wayne Brooks The expenses listed include gas, water, taxes, and insurance.

The house already has gas line hookups close to the boiler but not connected. 

They both have completely different gas, water and electric meters.

)                           -   Gross Monthly Operating Income              32,642.00 Monthly Operating Expenses Monthly Property Management Fees                   832.00 Repairs and Maintenance                1,000.00 Real Estate Taxes                5,241.00 Rental Property Insurance                1,959.00 Homeowners/Property Association Fees   Replacement Reserve                2,000.00 Utilities                1,291.00  - Water and Sewer    - Gas and Electricity    - Garbage    - Cable, Phone, Internet   Pest Control                   155.00 Accounting and Legal                   150.00 Advertising   Monthly Operating Expenses              12,628.00 Net Operating Income (NOI)   Total Annual Operating Income            391,704.00 Total Annual Operating Expense            151,536.00 Annual Net Operating Income            240,168.00 Capitalization Rate and Valuation   Desired Capitalization Rate 10.00% Property Valuation (Offer Price)         2,401,680.00 Actual Purchase Price         3,100,000.00 Actual Capitalization Rate 7.75% Loan Information   Down Payment            620,000.00 Loan Amount         2,320,000.00 Acquisition Costs and Loan Fees              60,000.00 Length of Mortgage (years)                          30 Annual Interest Rate 4.970% Initial Investment            680,000.00 Monthly Mortgage Payment (PI)              12,411.76 Annual Interest            114,527.10 Annual Principal              34,414.02 Total Annual Debt Service            148,941.12 Cash Flow and ROI   Total Monthly Cash Flow (before taxes)                7,602.24 Total Annual Cash Flow (before taxes)              91,226.88 Cash on Cash Return (ROI) 13.42% The property is being given to me after completing 40 year certification (updated plumbing, electrical, parking, most units are decently remodeled.

Except 6, Repeal the Gas Tax, vote Yes.

It's been vacant for a few years. no radiators. the plumbing pipe condition unknown.I contacted 3 HVAC contractors. 2 recommeded mini splits. 1 suggests gas heat pump.I found some discussions on BP about mini splits with favorable experience.

I looked into solar panels for my primary residence, since it is all electric (heat pump, no gas furnace or stove) and it still is not worth it IMO.

Ins, Trash, Electric, Blacktop, Lawn care, Snow removal, Gas, propane, oil, everything.

I'm looking to convert and separate a 4-plex's gas heat (current only one meter) to electric heat (also considering other options based on the cost).

my foot is on the gas