18 Berrian Place

 

Income and Expense Report

 

Gross Income    (Actual)                                              $72,000
Gross Income (Pro Forma)                                         $192,000

 

1st Floor/Basement 2 Bedrooms, 1.5 Baths           $2,500   Includes Utilities
2nd/3rd Floors 3 Bedrooms, 2 Bath                         $3,500   Includes Utilities

 

Single Fam 3 Bed, 3.5 Bath, Garage                         $10,000 Includes Utilities
(owner occupied rent is potential)

 

Expenses for Multi-Family (approximate)
Gas (heat/hot water)                                                   $1,300  
Water                                                                             $286
Electric                                                                           $2,496
Insurance                                                                      $8,223
Total                                                                               $12,305    

         

Expenses for Single Family (approximate)
Gas (heat/hot water)                                                   $1,631
Water                                                                             $259
Electric                                                                           $3,813
Insurance                                                                      $6,172
Total                                                                               $11,875

 

Combined Expenses (approximate)
Landscaping                                                                 $2,964
Snow Removal                                                              $1,500
Refuse                                                                            $1,162
5% standard vacancy rate                                          $9,600
Total                                                                               $15,226     

                                                      

Total Annual Expenses                                               $39,406

Total Profit (Pro Forma)                                              $152,594

 

For Sale Price                                                               $2,750,000         

                                                                                          5.6% return