Net Annual Operating Income =
$32,765
| Gross
Income |
|
Expenses |
| Rental |
$48,120
|
|
Taxes, Sewer, Water |
$9,780
|
| Laundry |
$2,000
|
|
Insurance |
$1,375
|
| |
|
|
Utilities* |
$6,200
|
| Total |
$50,120
|
|
Total Expenses |
$17,535
|
| |
|
|
*Includes only house
meter; tenants pay for own
utilities. |
|
Value =
NOI Cap Rate = 32,765 / 10% = $327,650
Asking
Price = $315,000
Monthly Income by
Apartment
1st fl.......2 BR
townhouse.....$695
1st fl.......1 BR townhouse.....$535
2nd fl......1 BR
flat.................$495
2nd
fl......Studio.....................$375
3rd fl.......2 BR
flat.................$620
4th fl........2 BR
flat.................$595
Carriage house.......................$695
Monthly Total....................$4,010
|
