2024 Proforma - After PHA Increases
Purchase: $3,200,000
Gross Rent: $351,396
Expenses: $39,844
Net: $301,844
Cap Rate: 9.4%
2023 Proforma
Purchase: $3,200,000
Gross Rent: $308,4000
Expenses: $39,844
Net: $259,304
Cap Rate: 8.1%
Profoma
Location & Profoma of this turnkey rental package consisting of 6 Triplex buildings totaling 18 cash flowing units. All leases except for Glenwood units are through PHA making rent payments guaranteed. 2024 rents are poised to increase $1764 for 2 beds and $1476 for 1 beds.
