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