GREEN RIDGE LANE
INCOME and EXPENSES
Instant Income
ALL 10 trailers are rented year round now bringing in
$5344/month
TOTAL rent per year for 10 units $64,128
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Call or Text David L Brooks 336-572-2053
Email info@alleghanync.com
INCOME HISTORY - Last 3 years
2017 Rent - $47,600
2018 Rent - $55,328
2019 Rent - $48,220
2020 RENT IS A LOT MORE.
RENT ROLLS are available
Some investors look at the Gross Rent Multipilier in order to determine value
Here's the link with more info on that formula .......
FIXED EXPENSES
1 - Dumpster Fee - $70/mth=$780/year
2 - Electric for Well/Security Lights - Approx $70/mth=$780/year
3 - Lawn Care - $90 every 2 weeks = Approx $1080/year
4 - Road Maintenance - Approx $500/year
5 - Property Taxes - $1724.46/year
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TOTAL FIXED EXPENSES $4864 Approx 10 percent
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