GREENE PARK ROAD INCOME and EXPENSES 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 $35/mth=$420/year 3 - Lawn Care - $70 every 2 weeks = Approx $840/year 4 - Road Maintenance - Approx $400/year 5 - Property Taxes - $339/year Solid Waste Fee of $98 per trailer x 5 = $490 TOTAL FIXED EXPENSES $3269 per year Instant Income Park currently brings in Approx $27,500 + per year with the current rent. Most leases are coming up for renewal and some are month to month, allowing you to adjust the rents. IF you adjust rents to $550 X 5 trailers, Income will be $2750/mth or $33,000 per year. LEASES ....... Leases are 1 year with Hud and continue month to month. We have a couple of leases that are month to month and the others are coming up for renewal. All tenants pay for their own electric and heating fuel. Tenants provide AC window units for cooling. BACK to MAIN PAGE Call or Text David L Brooks 336-572-2053         Email info@alleghanync.com