All purchasing costs included in the price....
Property purchase price: $87,145.00
Closing, legal & associated costs: $2,000.00
Buildings insurance: $850.00
Rental income per annum: $10,800.00
Expenses per annum:
Insurance: $850.00
Property tax: $1,300
Management fee: $720.00
Total annual expenses: $2,870.00
Gross yield: 13%
Net yield 9%