Net Operating Income/ Cap Rate 2 UNIT Property address: 1021 Lehman St. Lebanon, PA 17046 Selling Price: $65,000. Renovation costs estimate: $5,000. Total Investment: $70,000. Monthly Gross Property Income: $1,250. Yearly Gross: $15,000. Expenses: Taxes: $748. Insurance: $829. Utilities: water/sewer, gas/oil, electric, garbage: $1,108 Management cost (7%): $1,050. Annual City Rental License Fee $40/unit: $80. Maintenance: $960. Yearly expenses: $4,775. Net operating income (NOI): $10,225. Capitalization Rate: (Fully occupied): 14.6%
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