.- yes it's a 1150 sq ft single family 2 bed 2 bath house built in the mid to late eighties.

Property details:1600 sqft, 3 beds, 2 baths, 2 car garage, 1974 built, corner lot.

Some bed-and-breakfast establishments, special shops, boutiques, restaurants & cafes.

She even has sofa beds in living room that she rents out.

etc) America's troubled economy with 1/3 population permanently unemployed, many tenants get their landlord cited for violations (ie, any and all work without permit which nowadays thanks to DIYers, seems to me in this area at least, most every home has some level of work ie, DIY electrical work, decks, summer kitchens, etra beds/baths, etc for which a permit was never pulled.enter multi-level lease holdover! 

I believe it will be somewhat difficult to find a community where you can park all those vehicles, unless you are buying a 5 bed with 3 car garage.  

Ph# ___________CONDITION __Occupied / __Vacant _____ Bed/_____ Bath Construction _____________A/C ___________ Elect.

Purchase Price: $710,000 +/-Units: 12 (All 850 SF 2 bed / 1 Bath units)Current Monthly Rent: $9,300/mo (There seems to be room to push this to at least $9,700)Annual Rent: $111,600 + other income $905Vacancy: 5% (Property is currently 100% occupied with strong occupancy history)Effective Gross Income: $106,925Taxes: $9453Insurance: $6588Management: 5% (will be partially self managed) $5,079Utilities: $6,302 (only common area electric and electric heat, all other separately metered)Septic: $1,000Repairs/Maint.: $16,450Marketing/Promotion: $1,431Trash: $1,961Supplies: $1,579Water Testing: $3,177Misc: $350Total Expenses: $53,370NOI: $53,555Cap Rate: ~ 7.5%Cash on Cash: ~12% (based on 20% down and 30 year am at 5% - still finalizing loan terms so subject to change)DSCR: 1.46x50% Rule ($/unit/mo): $117.171% Rule: 1.31%GRM: 6.36Debt Yield: 9.55% (based on 20% down)Property is in overall good condition but could use some upgrading. 

It could use the basic cosmetic updates- paint, carpet, clean up landscaping etc. the property is 3 bed 2 bath 1,700 sq feet with a large 2 car detached garage.

Rents in the area are $550-650 for a 2-bed.