Excellent CAP rate! See Profit and Loss math below. High income producing property with extremely low bills & great POSITIVE cash-flow with a front and rear yard, rear parking, private entrances and more. the front entrance leads to the 2nd floor unit that features a large kitchen, two bedrooms and a full bath with a third bedroom on the 3rd floor. Around the side you will find the entrance to the 1st floor unit. This unit has been updated and features a small living room followed by two bedrooms, kitchen, tile bathroom and access to the walkout basement. Very low maintenance w/great on-time paying tenants in place. Rent income potentially produces $2,800+ positive cash-flow per month or $24K+ per year after all expenses! ALL utilities separated. Each unit pays for their own heat, hot water, electricity & cooking. Owner pays ONLY Water/Sewer ($1,920/year), Common Lights ($60/year), Insurance ($800/year) & Taxes ($6121/year). Unit 1 (3BR) $1,500/mo ($18,000/year). Unit 2 (2BR) $1,300/mo ($15,600/year). P&L Math: Rents:1,500+1,300=$2,800 per month gross income. $2,800x12 (months) = $33,600 -$2,780 (Water/Sewer/Common Lights) -$800 (Insurance) -$6,121 Taxes = $23,899 positive cash flow.
Courtesy of: Springer Realty Group Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 24th January, 2022 3:26 AM
Evers & Co., a Long & Foster Company20 Chevy Chase Circle NWWashington, DC 20015