Expenses Maintenance 8% $75 City Taxes $1,300 $108 Insurance (estimated) $850 $71 Water (estimated) $650 $54 Property Management 9% $90 Vacancy Rate 4% $40 Total Expenses $438 NOI (Net Operating Income) $562 Income (NOIx12) 6,740 Cost $20,000 estimated Minor repairs $2,000 Total investment $22,000 Return on investment 30.64%
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