Multi-Family

(Rented out)

5 units, 4 rented out all have rental co.

Tenants have been there for 20 yrs; 5 yrs; a couple of ago;  1 just moved in 1 month ago

Income per Unit

#1. $850 2 Bedroom

#2. $875 2 Bedroom

#3. $1050 3 Bedroom(2 Stories)

#R1 $750 Studio

#R2 $950 2 Bedroom (2 Stories)

$4475 x12=$53,700

Expenditure

Tax: $7,802

Insurance: $3,236

Water: $1,068

Sewage: $1,906

Electricity: $371

Maintenance: $1,800

(Trash & Repairs)

Total Expenses: $16,183

$53,700 - $16,183 = $37,517

(Estimate Net Income)

Ele & Gas are separated, except #2 pay 40% and #3 pay 60%