| Revenue: |
|
|
|
|
| Unit |
Size |
Status |
Lease Term |
Monthly
Rent |
| A w/Large
Garden |
2 BR
|
FM |
New Tenant |
$4,500 |
| B |
Studio |
RS |
10/31/2010 |
$1,219 |
| C |
Studio |
FM |
08/14/2009 |
$1,825 |
| 1A |
2 BR |
RS |
02/28/2010 |
$614 |
| 1B |
2 BR |
FM |
New Tenant |
$3,950 |
| 2A |
2 BR/conv.3 |
FM |
07/31/2009 |
$3,875 |
| 2B |
2 BR |
FM |
07/31/2009 |
$3,875 |
| 3A |
2 BR/conv.3 |
FM |
07/15/2010 |
$3,400 |
| 3B |
2 BR |
RS |
11/30/2009 |
$801 |
| 4A w/Gourmet
Kitchen |
1 BR |
FM |
07/02/2009 |
$3,495 |
| 4B |
2 BR |
RS |
08/01/2009 |
$1,089 |
| 5A |
2 BR/conv.3 |
FM |
08/15/2009 |
$3,600 |
| 5B |
2 BR |
FM |
03/31/2009 |
$3,600 |
| |
|
|
Monthly
Rental Income: |
$35,843 |
| |
|
|
Annual
Rental Income: |
$430,116 |
| |
|
|
|
|
| Expenses: |
|
|
|
|
| Real Estate Taxes (07/08) |
|
|
$48,298 |
| Water/Sewer |
|
|
|
$5,166 |
| Insurance |
|
|
|
$6,694 |
| Gas & Electric |
|
|
|
$16,632 |
| Repairs |
|
|
|
$7,150 |
| Superintendent |
|
|
|
$3,600 |
| Professional |
|
|
|
$3,223 |
| Supplies |
|
|
|
$800 |
| |
|
|
|
|
| |
|
|
Annual Total Expenses: |
$91,562 |
| |
|
|
|
|
| Summary: |
|
|
|
|
| |
|
|
Gross Annual Revenue: |
$430,116 |
| |
|
|
Annual Expenses: |
$91,562 |
| |
|
|
Net Annual Income: |
$338,554 |
| |
|
|
|
|
ASKING
PRICE: $5,900,000 |
CAP
Rate: 5.74% |

|