New roof August 2018 and most of the windows are vinyl replacement windows. Three family building with the potential rental income of $33,300, expenses are an estimated $14,891 per year giving you an NOI of $16,744 which includes a 5% vacancy factor. At current list price cap rate is 9.5% and the cash on cash return is an estimated 14.3%. These numbers are based on a mortgage of $140,000 @ 5% with a 20-amortization period. Tenants pay for their own heat and electric. Landlord pays for hot water.
Listed by Michael A Sorrentino of REAL LIVING REALTY PROFESSIONALS