Deferred Maintenance | Estimated Cost |
Roof | $15k |
Vinyl Siding | $30k |
Boiler | $6k |
Expense | Yearly Expense | Notes |
lawn care | $800 | |
Snow plowing | $1500 | Awkward driveway makes this a bit expensive |
Water and Sewer | $800 | |
Electricity | $1000 | Includes landlord paying for electric in 3br unit. |
Natural Gas | $800 | Landlord pays heat for all units |
Vacancy | $2000 | |
Repairs & Maintenance | $3500 | |
Legal | $500 | |
Taxes | $6500 | |
Insurance | $1550 | Cheapest insurance I could get |
Property Management | $3250 | Estimated as 10% gross rents. |
Principal and Interest | $8500 | |
Total | $30,700/yr |
Unit | Monthly Gross Rent |
3br | $1300 |
2br | $900 |
1br | $520 |
Total | $2,720/mo, $32,640/yr |
Was thinking you could do better on the roofing and siding prices but then saw the net income. Sell it.