Existing Rents:
Unit 1: $1875
Unit 2: $1650
Unit 3: $1325
Unit 4: $1325
Monthly Income: $6,175
Annual Income: $74,100
Expenses:
Taxes: $9271
Insurance: $1700
Water/Sewer/Garbage/Heating: Tenant Paid
Other Expenses: $1000 (Stormwater)
Cap Rate: 4.78%
GRM: 17.54
Projected Market Rent:
Unit 1: $1875
Unit 2: $1875
Unit 3: $1875
Unit 4: $1875
Monthly Income: $7,500
Annual Income: $90,000
Expenses:
Taxes: $9271
Insurance: $1700
Water/Sewer/Garbage/Heating: Tenant Paid
Other Expenses: $1000 (Stormwater)
Cap Rate: 6.00%
GRM: 14.44