Rents are $1050 to $1100.
Low side rents for $12,600 per year
Less HOA $186 pm $2,232 p/y
Less Tax $1208
Less Insurance $500 guesstimate
Net income $8,660
Investment $75,000 plus minor closing costs
ROI 11.54% cash on cash return
This does not take into consideration management, repairs or loss of rents. However, the property was built in 2006 and has …
