*** ********* ***, ********, AL
10.88% return
LP:
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Property Description

This property has 10 Units rented for $400 each. Brand New Shingle Roof, Separate Water & Electric Meters.

Property Information

  • Listing statusActive
  • Property typeMulti Family
  • Total units10
  • Total bedrooms20
  • Total bathrooms10
  • Building size8680 sq. ft.
  • Lot size(unknown)
  • Year built1970
  • County******** County
  • Subdivision********** *********
  • ConstructionBrick
  • RoofShingle
  • Water sourceCity
  • Water disposalSewer
  • Heating(unknown)
  • CoolingCentral air

Property Financial Summary

  • Asking price $350,000
  • Estimated rehab 1 $0
  • Total investment $350,000
  • Type Proforma
  • Gross income (annually) $48,000
  • Operating expenses (annually) $9,911
  • Net income (annually) $38,089
  • Gross return 13.71%
  • Gross income (monthly) $4,000
  • Operating expenses (monthly) $826
  • Net income (monthly) $3,174
  • Net return 10.88%

Property Income & Expenses

  • Income
  • Unit 1: 2 bed / bath $400/month
  • Unit 10: 2 bed / bath $400/month
  • Unit 2: 2 bed / bath $400/month
  • Unit 3: 2 bed / bath $400/month
  • Unit 4: 2 bed / bath $400/month
  • Unit 5: 2 bed / bath $400/month
  • Unit 6: 2 bed / bath $400/month
  • Unit 7: 2 bed / bath $400/month
  • Unit 8: 2 bed / bath $400/month
  • Unit 9: 2 bed / bath $400/month
  • Total $4,000/month
  • Expenses
  • Property Taxes $207/month
  • Waste Collection $75/month
  • Insurance $392/month
  • Pest Control $54/month
  • Electric bill $15/month
  • Maintenance reserve $83/month
  • Total $826/month

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