Great Cash Flow 4 Plex

Monthly Gross Rents: $2,295
Annual Gross Rents: $27,540
Rents below market average: Studio: $380, 1 Bed: $565, 2/1:$650, 2/1/backyard, screened porch, laundry room: $700

Taxes 2009 $2,937 (2010 lowered to $2,566)
Insurance: $2,975
Utilities: $386 per month (owner pays water)

Total Sq. Ft for building 2432+162 screened porch
Lot Size: 10,800

Gross Rental Multiplier: 7.1

Built 1957 Effective Age 36

2008 Income: $24,459
2008 Expenses: $13,065
2008 NOI: $11,394

Full Projected Rents: $27,540
Vacancy %: 11.2%