23 unit property at 4521 Apollo, El Paso, Texas, 79904. The property includes four duplexes (8 units), three houses, and 12 mobile homes on individual mobile home lots. All of the mobile homes are owned by the Seller. The on-site manager occupies one of the mobile homes which rents for $600 per month. A statement of income and expense for the one-year period ending September 30, 2017 is available. The $92,774 Net Operating Income reflects a 12.73 cap rate on the sales price of $750,000. The total cash investment including estimated closing costs and loan fees is $197,345. The Cash-on- Cash return ($35,809.62) is 18.15% assuming financing of 75% LTV, 6% interest and a 15 year loan term.
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