| Revenue: |
|
|
|
| Unit |
Size |
Status |
Lease Term |
Monthly
Rent |
| Comm / Bar / Restaurant |
|
12/31/08 |
$8,240 |
| 1 |
Studio |
RS |
07/31/09 |
$622 |
| 2 |
Conv.
2BR |
FM |
07/31/09 |
$2,325 |
| 3 |
2
BR |
FM |
New Tenant |
$2,800 |
| 4 |
Studio |
FM |
04/04/09 |
$1,600 |
| 5 |
Conv.
2BR |
RS |
07/31/09 |
$603 |
| 6 |
2
BR |
RS |
03/31/10 |
$1,587 |
| 7 |
Conv.
1BR |
RS |
06/30/10 |
$1056 |
| 8 |
Conv.
2BR |
RS |
07/31/09 |
$599 |
| 9 |
2
BR |
RS |
01/31/10 |
$2,114 |
| 10 |
Conv.
1BR |
RS |
05/31/09 |
$1,090 |
| 11 |
1
BR |
RS |
07/31/09 |
$720 |
| 12 |
2
BR |
RS |
07/31/09 |
$603 |
| 13 |
Conv.
1BR |
RS |
11/30/09 |
$992 |
| 14 |
Conv.
2BR |
FM |
07/14/09 |
$2,400 |
| 15 |
2
BR |
RS |
07/31/09 |
$717 |
| 16 |
Conv.
1BR |
RS |
02/28/09 |
$1,654 |
| |
|
|
|
|
| |
|
|
Monthly
Rental Income : |
$29,722 |
| |
|
| |
|
|
Annual
Gross Revenue: |
$356,664 |
| |
|
|
|
| Expenses: |
|
|
|
| Real Estate Taxes (06/07) |
|
$50,863 |
| Water/Sewer |
|
|
$7,129 |
| Insurance |
|
|
$5,300 |
| Gas & Electric |
|
|
$23,902 |
| Repairs |
|
|
|
$8,800 |
| Super |
|
|
|
$5,200 |
| Professional |
|
|
$1,000 |
| Supplies |
|
|
|
$789 |
| |
|
|
Annual Total Expenses: |
$102,983 |
| |
|
|
|
|
| Summary: |
|
|
|
| |
|
|
Gross Annual Revenue: |
$356,664 |
| |
|
|
Annual Expenses: |
$102,983 |
| |
|
|
Net Annual Income: |
$253,681 |
| |
|
|
|
|
ASKING
PRICE: $4,900,000 |
CAP
Rate: 5.18% |

|