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8 December 2017 | 5 replies
- current rents as reported to tax assessor in Jan 2017 = $12,860 (10 for $770 ea, 8 for $645 ea)- current taxes are $12,580 (WI bases taxes on the reported income I was told)- yearly expenses of $61k include -sewer (a killer at $10,320/yr), water (well), gas for boiler, common area electric, insurance, 5% management fee, $800/mo CapEx, garbage, insurance, and maintenance fees - all units were reported rented to assessor although at least 5 units have obviously been vacant for a long time (as evidenced by the several months old gas/electric company shutoff tags hanging on the doors).
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9 December 2017 | 4 replies
Washington already has high sales, gas and property taxes and high regulation.
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8 December 2017 | 2 replies
Yet he is used by both the local Electric, Gas & sewer utilities to inspect the homes for their employees after a home has been left vacant for some time.
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7 December 2017 | 7 replies
Sales Price $525,000 Loan Amount $420,000 Down Payment $105,000 Interest Rate 4.60% Loan to Value 80.00% 8 Units (7 Apts/1 Retail) Term Mo. 360 Gross Income Total $108,000 Gross Income $108,000 Residential Vacancy 10% $10,800 Capex 5% $5,400 Total $16,200 Effective gross Income $91,800 Expenses Annual Figures R/E Taxes $8,640 Insurance Premium $4,200 (Estimate) Maintenance $5,400 Water/Sewer $2,220 Gas Heat $3,530 Common Electric $350 Management $5,130 (5% EGI) Garbage $1,105 Total Expenses $30,575 Net Operating Income (NOI) $61,225 Principle and Interest Pmt $25,837.28 NOI/PI $25,837.28 Debt Service Coverage Ratio 2.37 Monthly mortgage payment $2,153 Net income after mortgage $35,388 Return on investment (ROI) 33.7% Cap rate 11.7%
16 March 2018 | 49 replies
When my tenant wouldn't let him in to get his daughter he poured gas around the house and lit it on fire.
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13 March 2018 | 32 replies
Once you get to 5K and out of the rat race then you can pour on the gas and make the 300K+ we all want.
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10 December 2017 | 5 replies
Updated kitchen with granite, stone backsplash, gas cooking.
27 December 2017 | 5 replies
The notion that others are not getting a C of O means that they are leaving themselves open to massive lawsuit and loss of revenue.That said, renting an accessory dwelling unit in DC - in the long term - should provide you with a return on your investment, if you separate the electrical and gas.
11 December 2017 | 4 replies
I'd look for a property with HOA dues in the $200-$250 range that might include water/trash, while the tenants pay for their own gas/electricity/heating/cooling etc.
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9 January 2018 | 14 replies
Business cards, sign riders, much more gas, marketing, CRM, E&O, MLS, possibly NAR.